Insider Selling: FirstCash (NASDAQ:FCFS) COO Sells 10,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares in the company, valued at approximately $32,181,902.54. This trade represents a 6.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Stock Performance

FCFS traded up $0.90 during trading hours on Tuesday, reaching $225.86. The company’s stock had a trading volume of 276,353 shares, compared to its average volume of 322,858. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97. The company’s 50-day moving average is $204.67 and its 200-day moving average is $180.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The firm has a market cap of $9.90 billion, a PE ratio of 28.30 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash’s dividend payout ratio is currently 21.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of FirstCash by 20.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the company’s stock worth $402,000 after purchasing an additional 362 shares during the period. California State Teachers Retirement System increased its position in shares of FirstCash by 19.8% in the first quarter. California State Teachers Retirement System now owns 45,148 shares of the company’s stock worth $8,488,000 after purchasing an additional 7,475 shares during the period. Quantinno Capital Management LP increased its position in shares of FirstCash by 34.0% in the first quarter. Quantinno Capital Management LP now owns 5,101 shares of the company’s stock worth $959,000 after purchasing an additional 1,293 shares during the period. Castleark Management LLC increased its position in shares of FirstCash by 15.6% in the first quarter. Castleark Management LLC now owns 70,730 shares of the company’s stock worth $13,297,000 after purchasing an additional 9,530 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of FirstCash in the first quarter worth $829,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Canaccord Genuity Group upped their price objective on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, TD Cowen upped their price objective on FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $198.00.

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.