Analysts Set FirstCash Holdings, Inc. (NASDAQ:FCFS) PT at $143.00

FirstCash Holdings, Inc. (NASDAQ:FCFS) has been assigned an average rating of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $154.40.

Several research analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $200.00 price objective on shares of FirstCash in a report on Monday. Cowen reissued a “buy” rating on shares of FirstCash in a research note on Monday, August 18th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a report on Tuesday, August 5th. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a research note on Saturday, September 27th.

FirstCash Trading Up 2.0%

NASDAQ FCFS opened at $154.90 on Tuesday. The stock has a market cap of $6.87 billion, a P/E ratio of 23.79 and a beta of 0.69. FirstCash has a fifty-two week low of $100.24 and a fifty-two week high of $158.93. The stock has a 50 day simple moving average of $144.13 and a two-hundred day simple moving average of $133.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. During the same quarter in the prior year, the company earned $1.37 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that FirstCash will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. FirstCash’s dividend payout ratio (DPR) is presently 25.81%.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total value of $445,230.00. Following the sale, the chief financial officer owned 97,567 shares in the company, valued at approximately $14,479,918.47. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the transaction, the director owned 15,846 shares of the company’s stock, valued at $2,132,237.76. The trade was a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,500 shares of company stock worth $15,493,610 in the last three months. 14.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in FirstCash by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 16,937 shares of the company’s stock worth $2,289,000 after acquiring an additional 83 shares in the last quarter. CX Institutional raised its position in shares of FirstCash by 24.7% in the 2nd quarter. CX Institutional now owns 434 shares of the company’s stock worth $59,000 after purchasing an additional 86 shares during the last quarter. Xponance Inc. boosted its stake in FirstCash by 1.6% in the 1st quarter. Xponance Inc. now owns 5,552 shares of the company’s stock worth $668,000 after purchasing an additional 87 shares in the last quarter. Sendero Wealth Management LLC grew its position in FirstCash by 1.2% during the 2nd quarter. Sendero Wealth Management LLC now owns 7,580 shares of the company’s stock valued at $1,024,000 after purchasing an additional 88 shares during the last quarter. Finally, MBM Wealth Consultants LLC increased its stake in FirstCash by 1.6% during the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company’s stock valued at $693,000 after purchasing an additional 90 shares in the last quarter. 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.