FirstCash (NASDAQ:FCFS) Hits New 1-Year High at $123.17

FirstCash Holdings, Inc. (NASDAQ:FCFSGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $123.17 and last traded at $122.86, with a volume of 197260 shares trading hands. The stock had previously closed at $120.11.

Wall Street Analyst Weigh In

Separately, Stephens lifted their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd.

Read Our Latest Research Report on FCFS

FirstCash Price Performance

The stock has a 50-day moving average price of $116.08 and a 200 day moving average price of $109.06. 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 firm has a market cap of $5.54 billion, a price-to-earnings ratio of 25.02 and a beta of 0.61.

FirstCash (NASDAQ:FCFSGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.25. The firm had revenue of $852.13 million for the quarter, compared to analysts’ expectations of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.9 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s payout ratio is 29.17%.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 21,852 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total transaction of $2,620,054.80. Following the transaction, the director now owns 5,502,761 shares in the company, valued at approximately $659,781,043.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Douglas Richard Rippel sold 21,852 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total transaction of $2,620,054.80. Following the sale, the director now owns 5,502,761 shares of the company’s stock, valued at approximately $659,781,043.90. 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 business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 329,984 shares of company stock worth $38,850,386. Company insiders own 18.08% of the company’s stock.

Institutional Investors Weigh In On FirstCash

A number of large investors have recently bought and sold shares of FCFS. Moneta Group Investment Advisors LLC grew its holdings in FirstCash by 98,847.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock valued at $375,197,000 after buying an additional 4,312,712 shares during the last quarter. Vanguard Group Inc. grew its holdings in FirstCash by 19.9% during the 1st quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock valued at $309,282,000 after buying an additional 730,072 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in FirstCash by 608.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 436,992 shares of the company’s stock valued at $6,571,000 after buying an additional 375,345 shares during the last quarter. BlackRock Inc. grew its holdings in FirstCash by 7.0% during the 1st quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock valued at $435,501,000 after buying an additional 297,552 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in FirstCash by 1,230.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 286,990 shares of the company’s stock valued at $27,369,000 after buying an additional 265,413 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

FirstCash Company Profile

(Get Free Report)

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.

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