FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $135.64 and last traded at $135.25, with a volume of 238166 shares trading hands. The stock had previously closed at $130.50.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th.
Get Our Latest Stock Report on FirstCash
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 has a market cap of $5.96 billion, a price-to-earnings ratio of 21.47 and a beta of 0.62. The firm has a 50-day simple moving average of $128.72 and a 200 day simple moving average of $118.26.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $837.11 million. During the same quarter in the prior year, the business earned $1.55 EPS. FirstCash's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.
FirstCash Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 15th. FirstCash's payout ratio is currently 24.32%.
Insider Buying and Selling
In related news, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the sale, the insider now owns 32,481 shares in the company, valued at $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.77% of the company's stock.
Institutional Trading of FirstCash
Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock worth $27,000 after purchasing an additional 202 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the fourth quarter valued at about $31,000. CX Institutional purchased a new stake in FirstCash during the first quarter worth about $42,000. J.Safra Asset Management Corp grew its position in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after buying an additional 127 shares during the period. Finally, UMB Bank n.a. grew its position in FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company's stock worth $54,000 after buying an additional 283 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
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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