FirstCash (NASDAQ:FCFS) Sets New 12-Month High at $130.07

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $130.07 and last traded at $129.52, with a volume of 47313 shares traded. The stock had previously closed at $125.93.

Analyst Ratings Changes

Several equities analysts recently commented on FCFS shares. Stephens increased their price objective on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a "hold" rating to a "buy" rating and boosted their target price for the company from $130.00 to $145.00 in a report on Wednesday.

FirstCash Price Performance

The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. The business's 50-day simple moving average is $119.36 and its 200 day simple moving average is $112.25. The firm has a market capitalization of $5.84 billion, a P/E ratio of 26.95 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.79 by $0.25. The business had revenue of $852.13 million for the quarter, compared to analyst estimates of $859.23 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. FirstCash's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.9 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.08%. FirstCash's dividend payout ratio (DPR) is presently 29.17%.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 5,916 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the transaction, the director now owns 5,607,468 shares in the company, valued at $645,363,492.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction 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 owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 5,916 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the transaction, the director now directly owns 5,607,468 shares in the company, valued at approximately $645,363,492.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,984 shares of company stock valued at $38,850,386. Company insiders own 18.08% of the company's stock.

Institutional Trading of FirstCash

A number of large investors have recently modified their holdings of FCFS. Sei Investments Co. raised its position in FirstCash by 17.4% during the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company's stock valued at $42,837,000 after purchasing an additional 63,219 shares in the last quarter. FMR LLC grew its position in shares of FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company's stock worth $658,158,000 after buying an additional 145,821 shares during the last quarter. Pathstone Family Office LLC purchased a new position in FirstCash in the third quarter worth $297,000. Annex Advisory Services LLC grew its stake in FirstCash by 46.2% during the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company's stock worth $5,551,000 after buying an additional 17,486 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in FirstCash by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 379,994 shares of the company's stock valued at $38,144,000 after buying an additional 64,867 shares in the last quarter. Hedge funds and other 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.