Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO Sells $233,060.00 in Stock

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

FirstCash Stock Performance

Shares of FCFS opened at $118.50 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99. 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 52-week low of $88.05 and a 52-week high of $133.64. The stock’s 50-day simple moving average is $121.87 and its 200 day simple moving average is $115.49.

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

FirstCash Announces Dividend

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

Wall Street Analyst Weigh In

FCFS has been the subject of several research reports. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens lifted their target price on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and upped their price target for the company from $125.00 to $140.00 in a research note on Monday, April 29th.

Institutional Investors Weigh In On FirstCash

A number of institutional investors and hedge funds have recently made changes to their positions in FCFS. Allspring Global Investments Holdings LLC purchased a new stake in shares of FirstCash in the 1st quarter valued at about $26,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after purchasing an additional 205 shares in the last quarter. Headinvest LLC bought a new stake in FirstCash during the third quarter valued at approximately $50,000. Principal Securities Inc. purchased a new position in FirstCash in the 4th quarter worth approximately $51,000. Finally, Whittier Trust Co. increased its holdings in shares of FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Company Profile

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.