Raul Ramos Sells 3,165 Shares of FirstCash (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 3,165 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $231.13, for a total transaction of $731,526.45. Following the sale, the senior vice president owned 27,235 shares of the company’s stock, valued at $6,294,825.55. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FirstCash Trading Down 2.8%

NASDAQ:FCFS traded down $6.15 during midday trading on Monday, reaching $213.76. 409,181 shares of the stock traded hands, compared to its average volume of 324,226. The company has a fifty day moving average of $210.94 and a 200 day moving average of $184.85. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The stock has a market capitalization of $9.37 billion, a P/E ratio of 26.79 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $2.07 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year. On average, research analysts predict that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.42 per share. 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 dividend payout ratio is currently 21.05%.

Analyst Ratings Changes

FCFS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. TD Cowen upped their price objective on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Canaccord Genuity Group upped their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $198.00.

Institutional Trading of FirstCash

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of FirstCash by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after buying an additional 83,113 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of FirstCash by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after buying an additional 312,132 shares during the period. Geode Capital Management LLC grew its position in shares of FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock worth $166,367,000 after buying an additional 31,550 shares during the period. Dimensional Fund Advisors LP grew its position in shares of FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock worth $160,850,000 after buying an additional 5,626 shares during the period. Finally, Sei Investments Co. grew its position in shares of FirstCash by 2.2% in the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock worth $149,273,000 after buying an additional 17,177 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Company Profile

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.