FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.38 on February 28th

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.38 per share on Friday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, February 14th.

FirstCash has increased its dividend by an average of 7.7% annually over the last three years. FirstCash has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $7.79 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 19.5%.

FirstCash Stock Performance

FCFS stock traded down $3.27 during midday trading on Friday, reaching $109.15. 273,676 shares of the company’s stock traded hands, compared to its average volume of 226,739. The company has a 50-day moving average price of $107.25 and a two-hundred day moving average price of $110.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash has a 52 week low of $100.24 and a 52 week high of $133.64. The firm has a market capitalization of $4.88 billion, a PE ratio of 20.21 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. As a group, equities analysts anticipate that FirstCash will post 6.61 EPS for the current year.

Analysts Set New Price Targets

FCFS has been the subject of a number of recent analyst reports. TD Cowen reduced 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. Stephens initiated coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was 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 accessible through the SEC website. 14.77% of the stock is owned by company insiders.

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.