R Douglas Orr Sells 2,000 Shares of FirstCash (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the completion of the sale, the chief financial officer owned 34,734 shares of the company’s stock, valued at $7,502,544. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

R Douglas Orr also recently made the following trade(s):

• On Monday, August 17th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $215.98, for a total transaction of $215,980.00.

FirstCash Trading Down 1.6%

NASDAQ:FCFS traded down $3.50 during mid-day trading on Tuesday, hitting $212.74. 236,745 shares of the stock traded hands, compared to its average volume of 373,423. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. FirstCash Holdings, Inc. has a 52 week low of $137.31 and a 52 week high of $235.97. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 24.29 and a beta of 0.53. The firm’s 50 day moving average is $214.64 and its two-hundred day moving average is $205.91.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCFS. Villanova Investment Management Co LLC lifted its position in shares of FirstCash by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after purchasing an additional 54 shares during the period. Root Financial Partners LLC raised its position in shares of FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after acquiring an additional 56 shares in the last quarter. Arista Wealth Management LLC lifted its stake in shares of FirstCash by 1.4% during the 2nd quarter. Arista Wealth Management LLC now owns 4,193 shares of the company’s stock worth $907,000 after purchasing an additional 56 shares during the last quarter. State of Michigan Retirement System boosted its position in FirstCash by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company’s stock valued at $1,751,000 after purchasing an additional 100 shares in the last quarter. Finally, Assetmark Inc. boosted its position in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on FCFS shares. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a research note on Monday, August 10th. Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Canaccord Genuity Group upped their target price on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, FirstCash currently has an average 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.