FirstCash (NASDAQ:FCFS) PT Lowered to $130.00 at TD Cowen

FirstCash (NASDAQ:FCFS) had its target price cut by stock analysts at TD Cowen from $134.00 to $130.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 22.86% from the stock’s previous close.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $105.81 on Monday. The company has a 50 day moving average of $114.73 and a 200 day moving average of $114.22. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.74 billion, a P/E ratio of 19.59 and a beta of 0.62. FirstCash has a 12 month low of $101.62 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 earnings per share. As a group, sell-side analysts forecast that FirstCash will post 6.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,154 shares of company stock valued at $1,912,562. 14.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of FirstCash during the first quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FirstCash during the second quarter worth about $54,000. Whittier Trust Co. increased its stake in shares of FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares in the last quarter. CWM LLC boosted its position in shares of FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after purchasing an additional 348 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 202 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.