FirstCash (NASDAQ:FCFS) Coverage Initiated at Stephens

Stephens assumed coverage on shares of FirstCash (NASDAQ:FCFS) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued an overweight rating and a $137.00 target price on the stock.

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

FirstCash Price Performance

FirstCash stock opened at $109.75 on Wednesday. The company has a market cap of $4.91 billion, a P/E ratio of 20.32 and a beta of 0.64. FirstCash has a one year low of $101.62 and a one year high of $133.64. The business has a fifty day moving average of $112.40 and a two-hundred day moving average of $112.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The business had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. As a group, analysts predict that FirstCash will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.38%. FirstCash’s dividend payout ratio (DPR) is currently 28.15%.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the sale, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Douglas Richard Rippel sold 7,316 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the sale, the director now owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash 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 sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock valued at $1,909,562 over the last quarter. Corporate insiders own 14.77% of the company’s stock.

Institutional Trading of FirstCash

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Capital Management LLC purchased a new position in shares of FirstCash during the 1st quarter worth about $3,348,000. Russell Investments Group Ltd. raised its stake in FirstCash by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock worth $10,230,000 after purchasing an additional 7,399 shares during the period. Bessemer Group Inc. boosted its holdings in shares of FirstCash by 21.7% in the 1st quarter. Bessemer Group Inc. now owns 192,155 shares of the company’s stock valued at $24,508,000 after purchasing an additional 34,217 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of FirstCash by 753.4% during the 1st quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock valued at $20,560,000 after buying an additional 142,391 shares during the period. Finally, Boston Partners increased its holdings in shares of FirstCash by 17.8% during the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after buying an additional 94,010 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.