FirstCash (NASDAQ:FCFS) Insider Howard Hambleton Sells 4,000 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard Hambleton sold 4,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.74, for a total transaction of $654,960.00. Following the completion of the transaction, the insider directly owned 26,581 shares of the company’s stock, valued at approximately $4,352,372.94. The trade was a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

FirstCash Stock Up 0.4%

Shares of FCFS stock traded up $0.69 during midday trading on Monday, reaching $164.60. 329,673 shares of the stock were exchanged, compared to its average volume of 300,626. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $166.08. The firm has a market cap of $7.26 billion, a PE ratio of 23.75 and a beta of 0.53. The company’s 50 day moving average is $157.01 and its two-hundred day moving average is $144.55. The company has a current ratio of 4.99, a quick ratio of 3.72 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.35. FirstCash had a return on equity of 17.44% and a net margin of 8.88%.The company had revenue of $904.27 million during the quarter, compared to analysts’ expectations of $845.28 million. During the same quarter last year, the business posted $1.67 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 14th. FirstCash’s dividend payout ratio (DPR) is currently 24.24%.

FirstCash announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

FCFS has been the topic of a number of research analyst reports. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Friday, September 5th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Canaccord Genuity Group restated a “buy” rating and issued a $205.00 target price on shares of FirstCash in a report on Monday, December 8th. Finally, TD Cowen lifted their target price on shares of FirstCash from $181.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $167.00.

Institutional Investors Weigh In On FirstCash

Institutional investors have recently bought and sold shares of the business. State of Wyoming lifted its position in shares of FirstCash by 4.3% in the third quarter. State of Wyoming now owns 1,765 shares of the company’s stock valued at $280,000 after acquiring an additional 73 shares in the last quarter. Profund Advisors LLC raised its stake in FirstCash by 4.9% during the 3rd quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock valued at $259,000 after purchasing an additional 76 shares during the period. Nisa Investment Advisors LLC lifted its holdings in FirstCash by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 16,937 shares of the company’s stock worth $2,289,000 after purchasing an additional 83 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in FirstCash by 1.0% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock worth $1,379,000 after purchasing an additional 85 shares during the period. Finally, CX Institutional grew its holdings in FirstCash by 24.7% during the 2nd quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 80.30% 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.