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

FirstCash Holdings, Inc. (NASDAQ:FCFS)’s share price reached a new 52-week low during trading 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 brokerages have commented on FCFS. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective on the stock. TD Cowen dropped their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

FirstCash Stock Down 4.1 %

The company has a market cap of $4.50 billion, a P/E ratio of 18.62 and a beta of 0.65. The stock has a 50-day moving average of $108.02 and a 200 day moving average of $110.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.56 EPS. Research analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.51%. FirstCash’s dividend payout ratio is currently 28.15%.

Insiders Place Their Bets

In other 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 directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.77% of the company’s stock.

Hedge Funds Weigh In On FirstCash

A number of institutional investors have recently added to or reduced their stakes in FCFS. SG Americas Securities LLC grew its position in FirstCash by 160.6% during the 2nd quarter. SG Americas Securities LLC now owns 5,014 shares of the company’s stock worth $526,000 after acquiring an additional 3,090 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of FirstCash by 8.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock worth $252,000 after purchasing an additional 194 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of FirstCash by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock valued at $228,000 after buying an additional 95 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in FirstCash by 26.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,807 shares of the company’s stock valued at $399,000 after buying an additional 791 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in FirstCash by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after buying an additional 168 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

About FirstCash

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.