FirstCash Holdings, Inc. (NASDAQ:FCFS) to Issue Quarterly Dividend of $0.38

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 given 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 of this dividend is Friday, February 14th.

FirstCash has raised its dividend by an average of 7.7% annually over the last three years. FirstCash has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities 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

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

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that FirstCash will post 6.61 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 14.77% of the company’s stock.

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.