FirstCash (NASDAQ:FCFS) Hits New 1-Year High on Better-Than-Expected Earnings

FirstCash Holdings, Inc. (NASDAQ:FCFS) shares hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $134.15 and last traded at $131.44, with a volume of 31217 shares. The stock had previously closed at $120.71.

The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The firm had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s payout ratio is 26.53%.

Analyst Ratings Changes

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

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, 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 accessible through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

Institutional Trading of FirstCash

Several large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the last quarter. Integrated Investment Consultants LLC grew its position in FirstCash by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock valued at $476,000 after buying an additional 105 shares during the period. Bank of Nova Scotia raised its position in FirstCash by 3.6% in the fourth quarter. Bank of Nova Scotia now owns 3,403 shares of the company’s stock worth $353,000 after acquiring an additional 117 shares during the period. State of Alaska Department of Revenue increased its stake in shares of FirstCash by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company’s stock worth $1,029,000 after purchasing an additional 120 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in FirstCash by 1.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock worth $826,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

The firm has a 50 day moving average price of $118.00 and a two-hundred day moving average price of $111.84. The company has a market cap of $5.90 billion, a P/E ratio of 22.99 and a beta of 0.58. 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 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.