FirstCash (NASDAQ:FCFS) Coverage Initiated at Stephens

Stock analysts at Stephens assumed coverage on shares of FirstCash (NASDAQ:FCFS) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $137.00 price target on the stock. Stephens’ price objective suggests a potential upside of 27.93% from the stock’s previous close.

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

FirstCash Price Performance

Shares of FCFS stock opened at $107.09 on Wednesday. The company has a market cap of $4.79 billion, a P/E ratio of 20.32 and a beta of 0.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash has a twelve month low of $101.62 and a twelve month high of $133.64. The business has a fifty day simple moving average of $112.40 and a 200 day simple moving average of $112.77.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. During the same period in the prior year, the company earned $1.56 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that FirstCash will post 6.61 EPS for the current fiscal year.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the sale, the director now owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,154 shares of company stock worth $1,909,562. 14.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in FirstCash during the third quarter worth $18,368,000. Edgestream Partners L.P. bought a new position in shares of FirstCash in the 3rd quarter worth about $1,680,000. Verition Fund Management LLC raised its position in shares of FirstCash by 8.5% in the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company’s stock worth $414,000 after acquiring an additional 283 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of FirstCash by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 302,856 shares of the company’s stock valued at $34,772,000 after purchasing an additional 1,138 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of FirstCash by 0.9% during the 3rd quarter. Martingale Asset Management L P now owns 21,834 shares of the company’s stock valued at $2,507,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds 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.