FirstCash Holdings, Inc. (NASDAQ:FCFS) Declares Quarterly Dividend of $0.38

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.38 per share on Friday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, February 14th.

FirstCash has increased its dividend by an average of 7.7% annually over the last three years. FirstCash has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $7.79 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 19.5%.

FirstCash Price Performance

Shares of FirstCash stock traded down $3.27 during trading on Friday, hitting $109.15. 273,676 shares of the company were exchanged, compared to its average volume of 226,739. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 20.21 and a beta of 0.66. The firm has a 50 day moving average price of $107.25 and a 200 day moving average price of $110.78.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. On average, equities analysts expect that FirstCash will post 6.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. TD Cowen lowered their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens initiated coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 14.77% 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.