FirstCash (NASDAQ:FCFS) Sets New 52-Week High at $133.64

FirstCash Holdings, Inc. (NASDAQ:FCFS)’s stock price reached a new 52-week high during mid-day trading 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

Several research firms have recently weighed in on FCFS. Stephens increased their price target on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th.

FirstCash Stock Down 0.1 %

The company has a market cap of $5.97 billion, a P/E ratio of 27.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96. The company has a 50 day moving average of $122.05 and a 200-day moving average of $114.43.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.79 by $0.25. The company had revenue of $852.13 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.65 earnings per share. On average, equities analysts predict that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current year.

FirstCash Dividend Announcement

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

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 5,916 shares of FirstCash stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $115.09, for a total value of $680,872.44. Following the transaction, the director now owns 5,607,468 shares in the company, valued at $645,363,492.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 5,916 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the sale, the director now owns 5,607,468 shares of the company’s stock, valued at $645,363,492.12. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock worth $38,850,386 in the last 90 days. 18.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of FirstCash by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after acquiring an additional 219,983 shares in the last quarter. Boston Partners raised its stake in FirstCash by 43.6% in the third quarter. Boston Partners now owns 511,026 shares of the company’s stock worth $51,858,000 after buying an additional 155,085 shares in the last quarter. Sei Investments Co. lifted its holdings in FirstCash by 34.8% in the fourth quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after buying an additional 148,502 shares during the period. FMR LLC lifted its stake in shares of FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after purchasing an additional 145,821 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of FirstCash by 182.4% during the third quarter. Envestnet Asset Management Inc. now owns 199,902 shares of the company’s stock valued at $20,066,000 after purchasing an additional 129,111 shares in the last quarter. Hedge funds and other 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.