FirstCash (NASDAQ:FCFS) Sets New 12-Month Low – Should You Sell?

FirstCash Holdings, Inc. (NASDAQ:FCFS)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $100.24 and last traded at $100.63, with a volume of 141879 shares trading hands. The stock had previously closed at $104.85.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FCFS shares. TD Cowen lowered their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

FirstCash Trading Down 0.1 %

The business has a fifty day moving average price of $107.34 and a two-hundred day moving average price of $110.69. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.60 billion, a PE ratio of 19.04 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. During the same quarter last year, the company posted $1.56 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.48%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.77% of the company’s stock.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in FirstCash during the 3rd quarter worth $50,192,000. American Century Companies Inc. lifted its position in FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after acquiring an additional 177,698 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in FirstCash in the third quarter valued at $18,368,000. Finally, Natixis Advisors LLC boosted its stake in FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock valued at $18,269,000 after acquiring an additional 101,130 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

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.