FirstCash (NASDAQ:FCFS) Earns “Overweight” Rating from Stephens

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

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

FirstCash Stock Down 1.0 %

NASDAQ FCFS opened at $116.12 on Wednesday. FirstCash has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a market capitalization of $5.20 billion, a P/E ratio of 20.27 and a beta of 0.67. The company’s 50 day simple moving average is $109.22 and its 200 day simple moving average is $111.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results 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 research analysts expect that FirstCash will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is currently 26.53%.

Insider Activity

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 of the company’s stock, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FirstCash

Hedge funds have recently modified their holdings of the stock. Rialto Wealth Management LLC acquired a new stake in FirstCash during the fourth quarter valued at $31,000. J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. Quarry LP lifted its holdings in shares of FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after buying an additional 513 shares during the last quarter. CWM LLC grew its stake in shares of FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in FirstCash in the fourth quarter worth approximately $74,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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.