FirstCash (NASDAQ:FCFS) Trading Up 4.2% – Still a Buy?

FirstCash Holdings, Inc. (NASDAQ:FCFS) was up 4.2% on Thursday . The company traded as high as $127.00 and last traded at $127.22. Approximately 321,585 shares were traded during trading, an increase of 25% from the average daily volume of 258,146 shares. The stock had previously closed at $122.08.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

FirstCash Stock Performance

The company has a market cap of $5.51 billion, a P/E ratio of 21.47 and a beta of 0.58. The business has a 50 day moving average price of $115.56 and a two-hundred day moving average price of $111.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

Hedge Funds Weigh In On FirstCash

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rialto Wealth Management LLC bought a new stake in FirstCash during the 4th quarter valued at approximately $31,000. J.Safra Asset Management Corp lifted its stake in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the period. Quarry LP lifted its stake in shares of FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after purchasing an additional 513 shares during the period. Hurley Capital LLC bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $74,000. Finally, R Squared Ltd bought a new position in FirstCash in the fourth quarter worth $92,000. 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.