FirstCash Holdings, Inc. Announces Quarterly Dividend of $0.35 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFSGet Free Report) announced a quarterly dividend on Thursday, February 1st, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.35 per share on Wednesday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 13th.

FirstCash has raised its dividend by an average of 8.0% per year over the last three years and has raised its dividend every year for the last 3 years. FirstCash has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $8.09 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.3%.

FirstCash Price Performance

FCFS opened at $119.10 on Monday. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 24.66 and a beta of 0.62. The stock has a fifty day simple moving average of $112.09 and a two-hundred day simple moving average of $104.48. FirstCash has a 12-month low of $86.10 and a 12-month high of $122.87.

FirstCash (NASDAQ:FCFSGet Free Report) last issued its quarterly 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 net margin of 6.96% and a return on equity of 14.42%. The company had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. During the same period last year, the business earned $1.65 EPS. FirstCash’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts predict that FirstCash will post 7.1 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Douglas Richard Rippel sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $116.10, for a total transaction of $3,014,884.80. Following the sale, the director now owns 5,946,649 shares of the company’s stock, valued at approximately $690,405,948.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The disclosure for this sale can be found here. Insiders have sold a total of 47,988 shares of company stock worth $5,595,442 over the last 90 days. 18.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FirstCash

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of FirstCash by 7.0% in the first quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock worth $435,501,000 after acquiring an additional 297,552 shares during the period. Vanguard Group Inc. grew its stake in shares of FirstCash by 19.9% during the 1st quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock valued at $309,282,000 after purchasing an additional 730,072 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of FirstCash by 98,847.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock valued at $375,197,000 after purchasing an additional 4,312,712 shares during the last quarter. State Street Corp lifted its stake in shares of FirstCash by 2.9% in the 1st quarter. State Street Corp now owns 1,286,758 shares of the company’s stock worth $90,511,000 after purchasing an additional 36,555 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of FirstCash by 2.4% in the second quarter. Stephens Investment Management Group LLC now owns 1,205,020 shares of the company’s stock worth $112,465,000 after buying an additional 28,323 shares during the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of analyst reports. TD Cowen initiated coverage on FirstCash in a research report on Wednesday, November 1st. They issued a “market perform” rating and a $120.00 price target on the stock. Stephens boosted their target price on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

View Our Latest Stock Report on FCFS

About FirstCash

(Get Free Report)

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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.

Read More

Dividend History for FirstCash (NASDAQ:FCFS)

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.