FirstCash Holdings, Inc. (NASDAQ:FCFS) Increases Dividend to $0.42 Per Share

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, RTT News reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.42 per share on Friday, August 29th. This represents a $1.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, August 15th. This is a 10.5% increase from FirstCash's previous quarterly dividend of $0.38.

FirstCash has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $8.99 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 16.9%.

FirstCash Trading Up 0.1%

Shares of NASDAQ FCFS traded up $0.16 during trading hours on Friday, hitting $122.45. 499,302 shares of the company traded hands, compared to its average volume of 267,055. The company's 50 day moving average price is $130.51 and its 200 day moving average price is $122.57. FirstCash has a 12 month low of $100.24 and a 12 month high of $138.42. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 15.99 and a beta of 0.62. The company has a current ratio of 4.21, a quick ratio of 3.28 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million for the quarter, compared to analysts' expectations of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 earnings per share. On average, equities research analysts anticipate that FirstCash will post 7.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th.

Insider Transactions at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider owned 32,481 shares of the company's stock, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.93% of the stock is currently owned by insiders.

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently made changes to their positions in FCFS. Goldman Sachs Group Inc. lifted its stake in FirstCash by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock worth $46,866,000 after acquiring an additional 34,364 shares during the period. Jane Street Group LLC increased its holdings in shares of FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock valued at $7,467,000 after acquiring an additional 43,653 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company's stock worth $2,761,000 after buying an additional 1,021 shares during the period. 80.30% of the stock is currently owned by institutional investors.

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.