FirstCash (NASDAQ:FCFS) Rating Increased to Buy at Loop Capital

FirstCash (NASDAQ:FCFS) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat reports. The brokerage currently has a $140.00 price target on the stock, up from their prior price target of $125.00. Loop Capital’s target price would indicate a potential upside of 23.92% from the stock’s current price.

Several other analysts also recently weighed in on FCFS. Stephens upped their price target on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th.

FirstCash Stock Performance

FirstCash stock opened at $112.98 on Monday. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.10 billion, a P/E ratio of 22.02 and a beta of 0.62. The stock’s 50 day moving average is $121.98 and its 200 day moving average is $115.05. FirstCash has a twelve month low of $88.05 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $836.40 million for the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. On average, equities research analysts predict that FirstCash will post 6.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the sale, the director now owns 5,997,680 shares in the company, valued at approximately $703,767,771.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Douglas Richard Rippel sold 19,020 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the completion of the transaction, the director now owns 5,997,680 shares in the company, valued at $703,767,771.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,984 shares of company stock worth $38,850,386. Corporate insiders own 18.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in FirstCash in the first quarter worth about $26,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after purchasing an additional 205 shares during the last quarter. Headinvest LLC bought a new stake in FirstCash in the third quarter worth about $50,000. Principal Securities Inc. bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $51,000. Finally, GAMMA Investing LLC bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Company Profile

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.