Insider Selling: FirstCash (NASDAQ:FCFS) CFO Sells 2,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total transaction of $365,980.00. Following the transaction, the chief financial officer owned 36,734 shares of the company’s stock, valued at approximately $6,721,954.66. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

R Douglas Orr also recently made the following trade(s):

• On Tuesday, February 17th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $182.98, for a total transaction of $182,980.00.
• On Thursday, February 5th, R Douglas Orr sold 3,500 shares of FirstCash stock. The shares were sold at an average price of $174.99, for a total transaction of $612,465.00.
• On Thursday, February 5th, R Douglas Orr sold 4,000 shares of FirstCash stock. The stock was sold at an average price of $175.37, for a total transaction of $701,480.00.

FirstCash Stock Performance

FirstCash stock traded up $2.01 during trading on Tuesday, hitting $183.90. The stock had a trading volume of 324,869 shares, compared to its average volume of 275,499. The stock’s 50 day moving average is $167.70 and its two-hundred day moving average is $156.76. FirstCash Holdings, Inc. has a 1 year low of $109.51 and a 1 year high of $188.75. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 24.78 and a beta of 0.49. The company has a quick ratio of 3.36, a current ratio of 4.55 and a debt-to-equity ratio of 0.97.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. As a group, analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash declared that its board has authorized a share repurchase plan on Thursday, October 30th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 18th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.68 annualized dividend and a yield of 0.9%. FirstCash’s dividend payout ratio (DPR) is 22.64%.

Analysts Set New Price Targets

FCFS has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Canaccord Genuity Group set a $217.00 target price on FirstCash in a report on Friday, February 6th. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.40.

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of FirstCash during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC lifted its position in 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 buying an additional 101 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in FirstCash during the second quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its holdings in shares of FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after buying an additional 162 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of FirstCash in the 3rd quarter worth about $32,000. 80.30% of the stock is currently 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.