FirstCash Holdings, Inc (NASDAQ:FCFS) Director Douglas Richard Rippel Sells 80,704 Shares

FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) Director Douglas Richard Rippel sold 80,704 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $90.14, for a total transaction of $7,274,658.56. Following the sale, the director now directly owns 7,207,924 shares in the company, valued at $649,722,269.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Douglas Richard Rippel also recently made the following trade(s):

  • On Thursday, January 19th, Douglas Richard Rippel sold 42,127 shares of FirstCash stock. The stock was sold at an average price of $88.20, for a total transaction of $3,715,601.40.
  • On Tuesday, January 17th, Douglas Richard Rippel sold 11,643 shares of FirstCash stock. The stock was sold at an average price of $88.77, for a total transaction of $1,033,549.11.
  • On Friday, January 13th, Douglas Richard Rippel sold 30,942 shares of FirstCash stock. The stock was sold at an average price of $89.60, for a total transaction of $2,772,403.20.
  • On Wednesday, January 11th, Douglas Richard Rippel sold 41,482 shares of FirstCash stock. The stock was sold at an average price of $89.53, for a total transaction of $3,713,883.46.
  • On Monday, January 9th, Douglas Richard Rippel sold 46,318 shares of FirstCash stock. The stock was sold at an average price of $90.61, for a total transaction of $4,196,873.98.
  • On Thursday, January 5th, Douglas Richard Rippel sold 55,191 shares of FirstCash stock. The stock was sold at an average price of $88.10, for a total transaction of $4,862,327.10.
  • On Tuesday, January 3rd, Douglas Richard Rippel sold 49,717 shares of FirstCash stock. The stock was sold at an average price of $88.22, for a total transaction of $4,386,033.74.
  • On Thursday, December 29th, Douglas Richard Rippel sold 57,512 shares of FirstCash stock. The stock was sold at an average price of $88.44, for a total transaction of $5,086,361.28.
  • On Tuesday, December 27th, Douglas Richard Rippel sold 26,451 shares of FirstCash stock. The shares were sold at an average price of $88.03, for a total transaction of $2,328,481.53.
  • On Friday, December 23rd, Douglas Richard Rippel sold 12,984 shares of FirstCash stock. The shares were sold at an average price of $88.10, for a total transaction of $1,143,890.40.

FirstCash Stock Performance

FCFS stock opened at $90.91 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.56 and a current ratio of 3.46. The firm has a market capitalization of $4.21 billion, a PE ratio of 20.90 and a beta of 0.78. The stock’s 50 day moving average is $90.02. FirstCash Holdings, Inc has a 52 week low of $58.30 and a 52 week high of $100.00.

FirstCash (NASDAQ:FCFSGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.19 by $0.11. The business had revenue of $672.14 million during the quarter, compared to analysts’ expectations of $670.35 million. FirstCash had a net margin of 8.17% and a return on equity of 12.93%. Sell-side analysts predict that FirstCash Holdings, Inc will post 5.11 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, November 14th. FirstCash’s payout ratio is presently 30.34%.

Wall Street Analyst Weigh In

FCFS has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of FirstCash in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Stephens raised shares of FirstCash from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $105.00 to $120.00 in a research note on Thursday, January 5th. Wedbush raised their target price on shares of FirstCash from $80.00 to $90.00 in a research note on Monday, November 7th. Barclays raised their price objective on shares of FirstCash from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, October 31st. Finally, Loop Capital began coverage on shares of FirstCash in a research report on Tuesday, September 27th. They set a “hold” rating and a $80.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.60.

Hedge Funds Weigh In On FirstCash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in FirstCash by 5.8% during the second quarter. FMR LLC now owns 7,119,569 shares of the company’s stock valued at $494,881,000 after acquiring an additional 389,095 shares in the last quarter. Vanguard Group Inc. raised its position in FirstCash by 19.9% during the first quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock valued at $309,282,000 after acquiring an additional 730,072 shares in the last quarter. State Street Corp raised its position in FirstCash by 2.9% during the first quarter. State Street Corp now owns 1,286,758 shares of the company’s stock valued at $90,511,000 after acquiring an additional 36,555 shares in the last quarter. Stephens Investment Management Group LLC raised its position in FirstCash by 8.4% during the third quarter. Stephens Investment Management Group LLC now owns 1,164,392 shares of the company’s stock valued at $85,408,000 after acquiring an additional 90,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in FirstCash by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 972,356 shares of the company’s stock valued at $71,327,000 after acquiring an additional 14,477 shares in the last quarter. Institutional investors own 78.78% of the company’s stock.

About FirstCash

(Get Rating)

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.

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