FirstCash (NASDAQ:FCFS) Trading 4.2% Higher - Time to Buy?

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) shares traded up 4.2% on Thursday . The company traded as high as $127.00 and last traded at $127.22. 321,585 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 258,146 shares. The stock had previously closed at $122.08.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

FirstCash Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock has a market capitalization of $5.34 billion, a PE ratio of 20.83 and a beta of 0.58. The company's fifty day simple moving average is $116.34 and its two-hundred day simple moving average is $111.21.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This trade 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 currently owned by company insiders.

Institutional Investors Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently made changes to their positions in FCFS. Rialto Wealth Management LLC acquired a new stake in FirstCash in the 4th quarter worth about $31,000. J.Safra Asset Management Corp lifted its holdings in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares during the period. Quarry LP boosted its position in shares of FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after acquiring an additional 513 shares during the last quarter. Hurley Capital LLC purchased a new stake in FirstCash in the fourth quarter valued at approximately $74,000. Finally, R Squared Ltd acquired a new position in FirstCash during the fourth quarter worth approximately $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.