FirstCash (NASDAQ:FCFS) Insider Howard Hambleton Sells 2,000 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard Hambleton sold 2,000 shares of FirstCash stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the transaction, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This represents a 6.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Trading Down 1.6%

Shares of FCFS opened at $212.74 on Wednesday. FirstCash Holdings, Inc. has a 12-month low of $137.31 and a 12-month high of $235.97. The firm has a market capitalization of $9.23 billion, a P/E ratio of 24.29 and a beta of 0.53. The firm has a 50-day moving average price of $214.31 and a 200 day moving average price of $206.24. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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%. FirstCash’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio is currently 19.18%.

Hedge Funds Weigh In On FirstCash

Several institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of FirstCash by 9.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock worth $89,296,000 after acquiring an additional 40,535 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of FirstCash by 70,840.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after acquiring an additional 43,921 shares in the last quarter. Fourth Sail Capital LP purchased a new position in FirstCash in the fourth quarter valued at $17,439,000. Brant Point Investment Management LLC purchased a new position in FirstCash in the fourth quarter valued at $2,391,000. Finally, Hsbc Holdings PLC acquired a new position in FirstCash during the 4th quarter worth $5,476,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FCFS has been the subject of several recent analyst reports. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group increased their price target on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. TD Cowen raised their price objective on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.00.

About FirstCash

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.