FirstCash (NASDAQ:FCFS) Stock Price Down 8.3% – Time to Sell?

FirstCash Holdings, Inc. (NASDAQ:FCFS) shares traded down 8.3% during mid-day trading on Thursday . The stock traded as low as $192.08 and last traded at $191.4460. Approximately 303,373 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 362,340 shares. The stock had previously closed at $208.74.

Wall Street Analyst Weigh In

FCFS has been the subject of several recent analyst reports. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Canaccord Genuity Group lifted their price objective on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, TD Cowen lifted their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

FirstCash Stock Down 5.9%

The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 24.67 and a beta of 0.53. The firm’s 50-day simple moving average is $220.78 and its two-hundred day simple moving average is $200.84.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. Sell-side analysts predict that FirstCash Holdings, Inc. will post 11.33 EPS for the current fiscal year.

Insider Activity

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the sale, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the transaction, the insider owned 32,406 shares of the company’s stock, valued at approximately $7,337,042.46. This represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,500 shares of company stock valued at $6,243,104 in the last 90 days. Insiders own 2.86% of the company’s stock.

Institutional Investors Weigh In On FirstCash

A number of large investors have recently added to or reduced their stakes in FCFS. Harbor Investment Advisory LLC purchased a new stake in shares of FirstCash in the first quarter valued at about $26,000. Geneos Wealth Management Inc. purchased a new position in shares of FirstCash during the 1st quarter worth approximately $29,000. CIBC Private Wealth Group LLC increased its stake in shares of FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after purchasing an additional 162 shares in the last quarter. High Point Wealth Management LLC acquired a new position in shares of FirstCash during the 4th quarter worth approximately $33,000. Finally, Assetmark Inc. raised its position in shares of FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.