Stephens Reaffirms "Overweight" Rating for FirstCash (NASDAQ:FCFS)

FirstCash (NASDAQ:FCFS - Get Free Report)'s stock had its "overweight" rating reissued by equities researchers at Stephens in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $137.00 target price on the stock. Stephens' price target would indicate a potential upside of 19.56% from the stock's previous close.

Separately, TD Cowen dropped their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 28th.

FirstCash Stock Performance

FCFS traded up $0.29 during trading on Wednesday, hitting $114.59. The stock had a trading volume of 240,272 shares, compared to its average volume of 234,892. The firm has a market cap of $5.13 billion, a PE ratio of 20.00 and a beta of 0.67. FirstCash has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $109.50 and a 200-day simple moving average of $111.23.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Analysts expect that FirstCash will post 7.7 EPS for the current year.

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Insiders Place Their Bets

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred 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 $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

Institutional Investors Weigh In On FirstCash

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its holdings in FirstCash by 18.3% in the third quarter. FMR LLC now owns 6,712,779 shares of the company's stock worth $770,627,000 after purchasing an additional 1,037,601 shares during the period. Vanguard Group Inc. raised its holdings in FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after purchasing an additional 22,009 shares during the period. Earnest Partners LLC raised its holdings in FirstCash by 2.3% in the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock worth $242,286,000 after purchasing an additional 52,409 shares during the period. State Street Corp raised its holdings in FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after purchasing an additional 28,415 shares during the period. Finally, Fiduciary Management Inc. WI raised its holdings in FirstCash by 76.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after purchasing an additional 563,265 shares during the period. 80.30% of the stock is currently 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.