FirstCash (NASDAQ:FCFS) SVP Raul Ramos Sells 6,835 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares in the company, valued at $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Raul Ramos also recently made the following trade(s):

• On Thursday, May 28th, Raul Ramos sold 3,165 shares of FirstCash stock. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45.

FirstCash Stock Performance

FCFS stock traded down $1.70 during trading on Monday, hitting $223.74. 307,457 shares of the company’s stock traded hands, compared to its average volume of 325,262. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 28.04 and a beta of 0.52. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97. The stock has a fifty day moving average price of $213.54 and a two-hundred day moving average price of $186.92. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. FirstCash’s payout ratio is presently 21.05%.

Institutional Investors Weigh In On FirstCash

Several institutional investors have recently bought and sold shares of FCFS. Harbor Investment Advisory LLC acquired a new position in FirstCash during the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. bought a new position in shares of FirstCash in the first quarter valued at approximately $29,000. Rothschild Investment LLC increased its stake in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after acquiring an additional 101 shares during the period. Assetmark Inc. increased its stake in shares of FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after acquiring an additional 103 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FCFS shares. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. TD Cowen increased their target price on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group boosted their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $198.00.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.