Insider Buying: FirstCash Inc (FCFS) Insider Purchases 1,080 Shares of Stock

FirstCash Inc (NYSE:FCFS) insider Thomas Brent Stuart purchased 1,080 shares of FirstCash stock in a transaction on Monday, February 5th. The stock was bought at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the acquisition, the insider now owns 8,283 shares in the company, valued at approximately $609,960.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

FirstCash Inc (NYSE:FCFS) traded up $0.10 during trading on Wednesday, hitting $73.30. 228,031 shares of the stock were exchanged, compared to its average volume of 216,771. FirstCash Inc has a 12-month low of $42.70 and a 12-month high of $75.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. The company has a market cap of $3,460.00 and a P/E ratio of 24.27.

FirstCash (NYSE:FCFS) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.10. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. The firm had revenue of $480.21 million for the quarter, compared to the consensus estimate of $467.32 million. During the same period in the previous year, the firm posted $0.77 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts forecast that FirstCash Inc will post 3.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. FirstCash’s payout ratio is 26.49%.

A number of analysts have issued reports on FCFS shares. Jefferies Group reiterated a “buy” rating and issued a $73.00 price target on shares of FirstCash in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, October 30th. Wedbush set a $75.00 target price on shares of FirstCash and gave the stock a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. ValuEngine downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $71.83.

Large investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. bought a new position in FirstCash during the 3rd quarter valued at about $1,736,000. Profit Investment Management LLC grew its holdings in FirstCash by 6.9% during the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock valued at $2,106,000 after purchasing an additional 2,011 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new position in FirstCash during the 3rd quarter valued at about $54,801,000. Insight Capital Research & Management Inc. bought a new position in FirstCash during the 3rd quarter valued at about $913,000. Finally, Earnest Partners LLC grew its holdings in FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after purchasing an additional 22,690 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

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FirstCash Company Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

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