Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO Sells 2,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares in the company, valued at $10,804,078.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

FirstCash Trading Down 0.4 %

Shares of FCFS stock opened at $118.50 on Thursday. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 23.10 and a beta of 0.63. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64. The stock’s 50-day moving average price is $121.87 and its 200-day moving average price is $115.49.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $836.40 million for the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Equities research analysts predict that FirstCash Holdings, Inc. will post 6.75 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

Hedge Funds Weigh In On FirstCash

Several institutional investors have recently bought and sold shares of FCFS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FirstCash by 12.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,190 shares of the company’s stock worth $621,000 after acquiring an additional 705 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of FirstCash during the 3rd quarter worth about $213,000. Teacher Retirement System of Texas grew its holdings in FirstCash by 22.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 20,414 shares of the company’s stock valued at $2,049,000 after purchasing an additional 3,772 shares during the last quarter. Annex Advisory Services LLC raised its position in FirstCash by 46.2% in the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock worth $5,551,000 after purchasing an additional 17,486 shares during the period. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in FirstCash by 3.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,949 shares of the company’s stock worth $2,304,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stephens lifted their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th. Finally, Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $140.00 in a report on Monday, April 29th.

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.