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

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens upped their price objective on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Stock Down 13.2 %

The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96. The firm has a 50-day moving average price of $122.18 and a two-hundred day moving average price of $114.56.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (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 business had revenue of $852.13 million for the quarter, compared to analyst estimates of $859.23 million. During the same quarter in the prior year, the company posted $1.65 earnings per share. FirstCash’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.22%. FirstCash’s payout ratio is presently 29.17%.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the sale, the director now owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the sale, the director now owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,984 shares of company stock worth $38,850,386. Corporate insiders own 18.08% of the company’s stock.

Institutional Trading of FirstCash

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in FirstCash in the first quarter valued at approximately $26,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after buying an additional 205 shares during the period. Headinvest LLC bought a new stake in FirstCash in the third quarter valued at approximately $50,000. Principal Securities Inc. bought a new stake in FirstCash in the fourth quarter valued at approximately $51,000. Finally, GAMMA Investing LLC bought a new position in shares of FirstCash during the fourth quarter worth approximately $69,000. Institutional investors own 80.30% of the company’s stock.

About FirstCash

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.