FirstCash (NASDAQ:FCFS) Sets New 12-Month Low – Should You Sell?

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) hit a new 52-week low on Wednesday . The stock traded as low as $100.24 and last traded at $100.63, with a volume of 141879 shares trading hands. The stock had previously closed at $104.85.

Analyst Ratings Changes

FCFS has been the subject of several analyst reports. Stephens assumed coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company. TD Cowen cut their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

FirstCash Stock Performance

The stock has a 50 day moving average of $107.34 and a two-hundred day moving average of $110.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The stock has a market capitalization of $4.60 billion, a PE ratio of 19.04 and a beta of 0.65.

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 the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. FirstCash’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 earnings per share. Research analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCFS. Point72 Asia Singapore Pte. Ltd. purchased a new position in FirstCash in the second quarter valued at approximately $54,000. CWM LLC increased its position in shares of FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 202 shares in the last quarter. Quarry LP boosted its position in FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in FirstCash during the 3rd quarter worth $133,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

About FirstCash

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.