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

Stephens reiterated their overweight rating on shares of FirstCash (NASDAQ:FCFS) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $137.00 target price on the stock.

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

FirstCash Price Performance

FCFS opened at $116.12 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash has a 1-year low of $100.24 and a 1-year high of $133.64. The company has a 50-day moving average of $109.22 and a 200-day moving average of $111.16. The company has a market capitalization of $5.20 billion, a P/E ratio of 20.27 and a beta of 0.67.

FirstCash (NASDAQ:FCFS) last announced 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%. Equities analysts expect that FirstCash will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, February 14th. FirstCash’s payout ratio is 26.53%.

Insider Activity at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s 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 sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its holdings in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after purchasing an additional 94 shares during the period. Integrated Investment Consultants LLC raised its position in shares of FirstCash by 2.3% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after buying an additional 105 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of FirstCash by 3.6% in the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company’s stock worth $353,000 after acquiring an additional 117 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of FirstCash by 1.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock valued at $826,000 after acquiring an additional 127 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares during the period. Institutional investors own 80.30% of the company’s stock.

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.