FirstCash (NASDAQ:FCFS) Director James Graves Sells 3,750 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director James Graves sold 3,750 shares of FirstCash stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the sale, the director owned 11,929 shares of the company’s stock, valued at $2,638,694.80. This trade represents a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FirstCash Trading Up 1.7%

NASDAQ FCFS opened at $223.92 on Friday. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93. The company has a 50-day moving average of $213.92 and a 200-day moving average of $209.90. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The company has a market cap of $9.71 billion, a P/E ratio of 25.56 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.34 EPS. The company’s revenue was up 29.4% on a year-over-year basis. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Announces Dividend

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

Hedge Funds Weigh In On FirstCash

Several hedge funds and other institutional investors have recently made changes to their positions in FCFS. Harbor Investment Advisory LLC acquired a new stake in FirstCash in the 1st quarter valued at $26,000. Geneos Wealth Management Inc. acquired a new position in shares of FirstCash during the first quarter worth about $29,000. CIBC Private Wealth Group LLC lifted its stake in shares of 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. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of FirstCash in the second quarter worth about $34,000. Finally, Assetmark Inc. boosted its position in shares of FirstCash by 113.2% in the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Monday, August 10th. Finally, Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

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.