FirstCash (NASDAQ:FCFS) Sets New 1-Year High at $133.64

FirstCash Holdings, Inc. (NASDAQ:FCFS) shares reached a new 52-week high on Wednesday . The company traded as high as $133.64 and last traded at $132.10, with a volume of 29916 shares traded. The stock had previously closed at $132.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens upped their price objective on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

FirstCash Stock Down 0.1 %

The firm has a market cap of $5.97 billion, a PE ratio of 27.60 and a beta of 0.62. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $122.05 and a two-hundred day moving average price of $114.43.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.25. The company had revenue of $852.13 million for the quarter, compared to the consensus estimate of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. FirstCash’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 EPS. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.06%. FirstCash’s dividend payout ratio (DPR) is 29.17%.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 19,020 shares of the business’s stock in a transaction on Monday, February 5th. The shares were 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 legal filing with the SEC, which is accessible through the SEC website. 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 sale, the director now owns 5,997,680 shares of the company’s stock, valued at approximately $703,767,771.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of 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. Insiders sold 329,984 shares of company stock worth $38,850,386 over the last 90 days. 18.08% of the stock is owned by insiders.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of FirstCash in the 1st quarter valued at $26,000. Mitsubishi UFJ Trust & Banking Corp increased 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 valued at $44,000 after purchasing an additional 205 shares during the period. Headinvest LLC purchased a new stake in shares of FirstCash in the third quarter valued at about $50,000. Principal Securities Inc. acquired a new stake in shares of FirstCash during the fourth quarter worth about $51,000. Finally, GAMMA Investing LLC purchased a new position in shares of FirstCash during the fourth quarter worth about $69,000. Institutional investors and hedge funds 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.