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

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares in the company, valued at approximately $10,804,078.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

FirstCash Stock Performance

Shares of FirstCash stock opened at $119.02 on Wednesday. The firm has a market cap of $5.41 billion, a PE ratio of 23.20 and a beta of 0.63. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The firm’s 50-day simple moving average is $121.82 and its 200-day simple moving average is $115.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company had revenue of $836.40 million for the quarter, compared to the consensus estimate of $846.08 million. During the same quarter last year, the business posted $1.25 EPS. FirstCash’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

Institutional Trading of FirstCash

Several hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in FirstCash by 6.3% during the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock valued at $77,983,000 after purchasing an additional 36,181 shares during the period. Quantbot Technologies LP boosted its position in FirstCash by 43.5% during the 1st quarter. Quantbot Technologies LP now owns 6,096 shares of the company’s stock valued at $777,000 after purchasing an additional 1,849 shares during the period. Duality Advisers LP boosted its position in FirstCash by 58.6% during the 1st quarter. Duality Advisers LP now owns 15,728 shares of the company’s stock valued at $2,006,000 after purchasing an additional 5,810 shares during the period. Texas Permanent School Fund Corp boosted its position in FirstCash by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,372 shares of the company’s stock valued at $4,129,000 after purchasing an additional 419 shares during the period. Finally, Whittier Trust Co. boosted its position in FirstCash by 62.2% during the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $140.00 in a report on Monday, April 29th. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th. Finally, Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. 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.