Insider Selling: FirstCash (NASDAQ:FCFS) SVP Sells $731,526.45 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 3,165 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $231.13, for a total value of $731,526.45. Following the transaction, the senior vice president owned 27,235 shares of the company’s stock, valued at approximately $6,294,825.55. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

FirstCash Stock Performance

NASDAQ FCFS opened at $220.18 on Thursday. The stock has a market cap of $9.65 billion, a PE ratio of 27.59 and a beta of 0.52. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The stock has a fifty day simple moving average of $212.32 and a 200-day simple moving average of $185.99.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 EPS. Equities analysts anticipate that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On FirstCash

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in FirstCash by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock valued at $649,040,000 after purchasing an additional 83,113 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in FirstCash by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares in the last quarter. Geode Capital Management LLC raised its position in FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after purchasing an additional 31,550 shares in the last quarter. Dimensional Fund Advisors LP raised its position in FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after purchasing an additional 5,626 shares in the last quarter. Finally, Sei Investments Co. raised its position in FirstCash by 2.2% in the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock valued at $149,273,000 after purchasing an additional 17,177 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.