Brokerages Set FirstCash Holdings, Inc. (NASDAQ:FCFS) PT at $183.25

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $183.25.

Several research analysts have issued reports on the company. Canaccord Genuity Group upped their price target on FirstCash from $217.00 to $240.00 and gave the company a “buy” rating in a report on Friday, March 20th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Finally, Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th.

FirstCash Stock Performance

Shares of FCFS opened at $192.00 on Tuesday. The firm’s 50 day moving average is $183.16 and its 200-day moving average is $166.03. The stock has a market capitalization of $8.45 billion, a P/E ratio of 25.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.55 and a quick ratio of 3.36. FirstCash has a 12-month low of $116.66 and a 12-month high of $199.60.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.54 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 earnings per share. Equities research analysts anticipate that FirstCash will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, February 18th. FirstCash’s payout ratio is presently 22.64%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total transaction of $365,980.00. Following the completion of the sale, the chief financial officer directly owned 36,734 shares of the company’s stock, valued at approximately $6,721,954.66. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $182.53, for a total transaction of $1,825,300.00. Following the completion of the transaction, the chief operating officer owned 150,846 shares of the company’s stock, valued at approximately $27,533,920.38. The trade was a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,500 shares of company stock worth $4,783,985. Company insiders own 2.93% of the company’s stock.

Hedge Funds Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in FirstCash during the 3rd quarter valued at $25,000. Rothschild Investment LLC boosted its position in shares of FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after buying an additional 162 shares in the last quarter. Community Bank N.A. purchased a new position in shares of FirstCash during the third quarter valued at $32,000. Finally, High Point Wealth Management LLC acquired a new position in FirstCash during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.