FirstCash Inc (NYSE:FCFS) reached a new 52-week high on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 64810 shares. The stock had previously closed at $78.80.
Several equities research analysts have recently weighed in on FCFS shares. ValuEngine raised shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, February 1st. Finally, Wedbush set a $75.00 target price on shares of FirstCash and gave the stock a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $71.83.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. The firm has a market capitalization of $3,668.52, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Tuesday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio is currently 29.24%.
In other news, insider Thomas Brent Stuart bought 1,080 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the transaction, the insider now owns 8,283 shares in the company, valued at $609,960.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $73.43, for a total transaction of $367,150.00. Following the completion of the transaction, the chief financial officer now owns 172,000 shares of the company’s stock, valued at approximately $12,629,960. The disclosure for this sale can be found here. 2.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of FirstCash by 11.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,312 shares of the credit services provider’s stock worth $763,000 after acquiring an additional 1,119 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in shares of FirstCash by 1.6% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 881,589 shares of the credit services provider’s stock worth $59,463,000 after acquiring an additional 13,800 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in shares of FirstCash in the 4th quarter worth approximately $365,000. William Blair Investment Management LLC lifted its stake in shares of FirstCash by 1.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,928,144 shares of the credit services provider’s stock worth $130,053,000 after acquiring an additional 26,240 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of FirstCash in the 4th quarter worth approximately $1,395,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.
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FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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