FirstCash (NASDAQ:FCFS) Shares Gap Up – Should You Buy?

FirstCash Holdings, Inc. (NASDAQ:FCFS) gapped up prior to trading on Tuesday . The stock had previously closed at $107.94, but opened at $110.51. FirstCash shares last traded at $110.51, with a volume of 425 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FCFS. Stephens began coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target on the stock. TD Cowen dropped their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

FirstCash Stock Up 1.5 %

The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average is $110.17 and its 200-day moving average is $112.01. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 20.12 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last released its 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. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the company earned $1.56 EPS. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.40%. FirstCash’s payout ratio is presently 28.15%.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now owns 4,735,243 shares of the company’s stock, valued at $568,560,627.01. This trade represents a 0.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,290 shares of company stock worth $1,565,853. 14.77% of the stock is owned by corporate insiders.

Institutional Trading of FirstCash

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after acquiring an additional 1,037,601 shares in the last quarter. Earnest Partners LLC grew its stake in shares of FirstCash by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after acquiring an additional 55,919 shares in the last quarter. State Street Corp grew its stake in shares of FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after acquiring an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FirstCash by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after acquiring an additional 15,780 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of FirstCash by 3.2% in the 2nd quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after acquiring an additional 19,868 shares in the last quarter. 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.