FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Has Consensus Price Target of $249.75 According to Analysts

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $249.75.

Several research firms have commented on FCFS. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Stephens reissued an “overweight” rating and set a $250.00 target price on shares of FirstCash in a report on Thursday, October 1st. TD Cowen boosted their price objective on shares of FirstCash from $240.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Weiss Ratings upgraded FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th.

Insiders Place Their Bets

In other FirstCash news, CFO R. Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer directly owned 34,734 shares in the company, valued at approximately $7,502,544. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Graves sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the transaction, the director directly owned 11,929 shares in the company, valued at approximately $2,638,694.80. This trade represents a 23.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,098 shares of company stock worth $3,051,281. Company insiders own 2.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC boosted its holdings in FirstCash by 179.3% in the 3rd quarter. Copeland Capital Management LLC now owns 276,429 shares of the company’s stock valued at $58,390,000 after purchasing an additional 177,470 shares during the period. Avior Wealth Management LLC grew its position in FirstCash by 45.1% in the third quarter. Avior Wealth Management LLC now owns 1,415 shares of the company’s stock worth $299,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC grew its position in FirstCash by 6.7% in the third quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock worth $716,000 after acquiring an additional 212 shares in the last quarter. Farther Finance Advisors LLC increased its stake in FirstCash by 19.4% in the third quarter. Farther Finance Advisors LLC now owns 505 shares of the company’s stock valued at $107,000 after acquiring an additional 82 shares during the last quarter. Finally, Apella Capital LLC increased its stake in FirstCash by 11.2% in the third quarter. Apella Capital LLC now owns 1,261 shares of the company’s stock valued at $264,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FirstCash stock opened at $216.53 on Friday. FirstCash has a fifty-two week low of $146.77 and a fifty-two week high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The firm has a market capitalization of $9.39 billion, a P/E ratio of 24.72 and a beta of 0.55. The company’s 50 day moving average price is $217.05 and its two-hundred day moving average price is $215.58.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $1.34 EPS. FirstCash’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts forecast that FirstCash will post 11.59 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 19.18%.

About FirstCash

FirstCash Holdings, Inc operates pawn stores and related consumer financial services businesses in the United States and Latin America. Its pawn stores provide collateral-based loans to consumers, while also buying and selling secondhand merchandise such as jewelry, electronics, tools, sporting goods and other personal property.

The company serves customers through pawn locations in the United States and Mexico, as well as selected markets in Central and South America. Its operations are designed to provide short-term, non-recourse credit secured by personal property, along with retail opportunities for value-conscious consumers.