Stephens assumed coverage on shares of FirstCash (NASDAQ:FCFS - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set an "overweight" rating and a $137.00 price target on the stock. Stephens' price objective would indicate a potential upside of 24.24% from the company's current price.
Separately, TD Cowen reduced their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research note on Monday, October 28th.
Check Out Our Latest Analysis on FirstCash
FirstCash Trading Up 2.2 %
Shares of FCFS traded up $2.34 on Wednesday, hitting $110.27. 89,729 shares of the stock traded hands, compared to its average volume of 248,658. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.93 billion, a P/E ratio of 20.50 and a beta of 0.64. The stock's 50 day moving average is $112.60 and its two-hundred day moving average is $112.79. FirstCash has a 1 year low of $101.62 and a 1 year high of $133.64.
FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. As a group, sell-side analysts predict that FirstCash will post 6.61 earnings per share for the current year.
Insider Activity at FirstCash
In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $9,375,401.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at approximately $9,375,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the transaction, the director now directly owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,154 shares of company stock valued at $1,909,562. Corporate insiders own 14.77% of the company's stock.
Hedge Funds Weigh In On FirstCash
Several large investors have recently bought and sold shares of FCFS. Allspring Global Investments Holdings LLC acquired a new position in FirstCash during the 1st quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FirstCash in the 2nd quarter valued at $54,000. CWM LLC increased its holdings in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after buying an additional 348 shares during the period. GAMMA Investing LLC increased its holdings in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company's stock valued at $103,000 after buying an additional 202 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in FirstCash by 134.3% in the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock valued at $107,000 after buying an additional 482 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.
About FirstCash
(
Get Free Report)
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.
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