FirstCash’s (FCFS) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of FirstCash (NASDAQ:FCFS) in a research note published on Wednesday morning,Benzinga reports. Stephens currently has a $137.00 target price on the stock.

Separately, TD Cowen lowered their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

FirstCash Stock Up 0.3 %

Shares of NASDAQ FCFS opened at $114.59 on Wednesday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $109.50 and its two-hundred day moving average is $111.23. FirstCash has a 52-week low of $100.24 and a 52-week high of $133.64. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.67.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Research analysts predict that FirstCash will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.33%. FirstCash’s payout ratio is 26.53%.

Insiders Place Their Bets

In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FCFS. Rialto Wealth Management LLC purchased a new stake in FirstCash during the fourth quarter worth approximately $31,000. J.Safra Asset Management Corp raised its holdings in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. Quarry LP raised its holdings in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. CWM LLC raised its holdings in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after purchasing an additional 348 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in FirstCash during the fourth quarter worth approximately $74,000. 80.30% of the stock is owned by institutional investors and hedge funds.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.