FirstCash (NASDAQ:FCFS) COO Sells 5,348 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) COO Thomas Brent Stuart sold 5,348 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $214.63, for a total value of $1,147,841.24. Following the completion of the transaction, the chief operating officer owned 135,498 shares of the company’s stock, valued at approximately $29,081,935.74. This represents a 3.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Price Performance

NASDAQ FCFS traded down $3.50 during trading hours on Tuesday, reaching $212.74. The company’s stock had a trading volume of 236,745 shares, compared to its average volume of 373,423. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The company’s 50-day moving average is $214.64 and its two-hundred day moving average is $205.91. FirstCash Holdings, Inc. has a fifty-two week low of $137.31 and a fifty-two week high of $235.97. The stock has a market cap of $9.23 billion, a PE ratio of 24.29 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 19.18%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a research report on Monday, August 10th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group upped their target price on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, TD Cowen raised their price target on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

Institutional Investors Weigh In On FirstCash

Several hedge funds have recently made changes to their positions in FCFS. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in FirstCash during the second quarter worth about $6,143,000. AWH Capital L.P. purchased a new stake in FirstCash in the 2nd quarter valued at about $10,632,128,000. Formula Growth Ltd. purchased a new stake in FirstCash in the 2nd quarter valued at about $2,163,000. Coastal Bridge Advisors LLC acquired a new position in shares of FirstCash during the 2nd quarter valued at about $2,109,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of FirstCash during the 2nd quarter valued at about $8,063,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.