FirstCash (NASDAQ:FCFS) Hits New 52-Week High at $133.64

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $133.64 and last traded at $132.10, with a volume of 29916 shares. The stock had previously closed at $132.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Stephens boosted their price objective on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. TD Cowen upgraded FirstCash from a "hold" rating to a "buy" rating and raised their price objective for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th.

FirstCash Trading Down 0.4 %

The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 27.51 and a beta of 0.62. The company has a 50 day moving average price of $122.28 and a two-hundred day moving average price of $114.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89.

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. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The company had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. During the same period in the previous year, the business earned $1.65 EPS. FirstCash's quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts forecast that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.35 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. FirstCash's dividend payout ratio is currently 29.17%.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the business's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, 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 this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 19,020 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the sale, the director now owns 5,997,680 shares of the company's stock, valued at approximately $703,767,771.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently bought and sold shares of FCFS. SG Americas Securities LLC raised its stake in shares of FirstCash by 138.2% during the 3rd quarter. SG Americas Securities LLC now owns 14,711 shares of the company's stock worth $1,477,000 after buying an additional 8,534 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in FirstCash in the third quarter valued at about $602,000. MBM Wealth Consultants LLC grew its holdings in shares of FirstCash by 7.8% in the 3rd quarter. MBM Wealth Consultants LLC now owns 4,634 shares of the company's stock worth $462,000 after acquiring an additional 334 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in FirstCash by 12.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,190 shares of the company's stock worth $621,000 after purchasing an additional 705 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in FirstCash in the 3rd quarter valued at about $213,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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.