TD Cowen Trims FirstCash (NASDAQ:FCFS) Target Price to $130.00

FirstCash (NASDAQ:FCFS - Get Free Report) had its target price lowered by equities researchers at TD Cowen from $134.00 to $130.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 22.68% from the stock's current price.

FirstCash Trading Up 0.4 %

FCFS stock traded up $0.43 during midday trading on Monday, hitting $105.97. 564,659 shares of the company's stock were exchanged, compared to its average volume of 246,731. The business has a 50-day simple moving average of $115.22 and a two-hundred day simple moving average of $114.59. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.74 billion, a PE ratio of 20.22 and a beta of 0.62. FirstCash has a 1-year low of $101.62 and a 1-year high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05. The company had revenue of $837.30 million during the quarter, compared to analysts' expectations of $843.94 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. On average, sell-side analysts predict that FirstCash will post 6.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company's stock, valued at approximately $567,540,367.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares of the company's stock, valued at approximately $567,540,367.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,912,562 over the last quarter. 14.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in FirstCash by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock valued at $228,000 after purchasing an additional 95 shares during the period. Retirement Systems of Alabama boosted its holdings in FirstCash by 0.3% in the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company's stock valued at $5,924,000 after purchasing an additional 122 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in FirstCash by 5.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company's stock valued at $298,000 after purchasing an additional 125 shares during the period. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock valued at $129,000 after purchasing an additional 164 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in FirstCash by 1.0% in the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock valued at $1,809,000 after purchasing an additional 168 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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.