Shares of FirstCash Inc (NYSE:FCFS) reached a new 52-week high during trading on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 64810 shares traded. The stock had previously closed at $78.80.
Several analysts have recently commented on the stock. Zacks Investment Research cut shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $83.00 price objective (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. FirstCash presently has a consensus rating of “Buy” and a consensus target price of $71.83.
The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3,750.00 and a P/E ratio of 33.03.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.22 dividend. This is a boost from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, February 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.09%. FirstCash’s dividend payout ratio (DPR) is 36.07%.
In other FirstCash news, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were 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 directly owns 172,000 shares in the company, valued at approximately $12,629,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Brent Stuart bought 1,080 shares of the company’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the acquisition, the insider now directly owns 8,283 shares in the company, valued at approximately $609,960.12. The disclosure for this purchase can be found here. 2.75% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of FCFS. Grandeur Peak Global Advisors LLC purchased a new position in FirstCash during the 3rd quarter valued at about $54,801,000. Renaissance Technologies LLC increased its holdings in FirstCash by 99.2% during the 4th quarter. Renaissance Technologies LLC now owns 678,224 shares of the credit services provider’s stock valued at $45,746,000 after acquiring an additional 337,700 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in FirstCash by 73.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 395,690 shares of the credit services provider’s stock valued at $26,689,000 after acquiring an additional 168,081 shares in the last quarter. APG Asset Management N.V. increased its holdings in FirstCash by 320.6% during the 4th quarter. APG Asset Management N.V. now owns 124,500 shares of the credit services provider’s stock valued at $6,993,000 after acquiring an additional 94,900 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in FirstCash by 128.5% during the 4th quarter. Deutsche Bank AG now owns 109,352 shares of the credit services provider’s stock valued at $7,373,000 after acquiring an additional 61,492 shares in the last quarter. 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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