FirstCash (NASDAQ:FCFS) Sets New 12-Month High - Here's What Happened

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $135.64 and last traded at $135.25, with a volume of 238166 shares. The stock had previously closed at $130.50.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised FirstCash from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 7th.

FirstCash Stock Performance

The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. The company's 50-day moving average is $129.59 and its two-hundred day moving average is $118.77. The company has a market capitalization of $5.97 billion, a P/E ratio of 21.52 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The firm had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same quarter last year, the business earned $1.55 earnings per share. The business's revenue was up .0% on a year-over-year basis. Equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's payout ratio is 24.32%.

Insider Activity

In related news, insider Howard F. Hambleton sold 3,900 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the sale, the insider now owns 32,481 shares of the company's stock, valued at $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FirstCash

Several hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of FirstCash during the first quarter valued at $397,000. Jane Street Group LLC increased its holdings in FirstCash by 237.2% in the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock worth $7,467,000 after buying an additional 43,653 shares in the last quarter. United Services Automobile Association purchased a new position in FirstCash in the first quarter worth about $294,000. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 34,364 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in FirstCash in the first quarter worth about $334,000. 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.