FirstCash (NASDAQ:FCFS) Hits New 12-Month High - What's Next?

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $135.57 and last traded at $135.56, with a volume of 308161 shares. The stock had previously closed at $133.91.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded FirstCash from a "buy" rating to a "strong-buy" rating in a research report on Friday. Stephens reiterated an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Stock Up 1.2 %

The firm has a 50 day moving average of $120.63 and a two-hundred day moving average of $112.78. The stock has a market capitalization of $6.01 billion, a PE ratio of 23.66 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.12%. FirstCash's dividend payout ratio (DPR) is 24.32%.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FirstCash

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in FirstCash by 808.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock worth $27,000 after buying an additional 202 shares during the period. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the fourth quarter worth approximately $31,000. CX Institutional purchased a new stake in FirstCash in the first quarter valued at approximately $42,000. UMB Bank n.a. increased 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 purchasing an additional 283 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake 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 purchasing an additional 127 shares during the period. Institutional investors and hedge funds 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.

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