FirstCash (NASDAQ:FCFS) Director James Graves Sells 3,750 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director James Graves sold 3,750 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the transaction, the director directly owned 11,929 shares in the company, valued at $2,638,694.80. This represents a 23.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FirstCash Price Performance

Shares of NASDAQ:FCFS traded up $3.82 on Thursday, reaching $223.92. 294,354 shares of the company traded hands, compared to its average volume of 381,210. FirstCash Holdings, Inc. has a fifty-two week low of $144.56 and a fifty-two week high of $238.93. The company’s 50 day moving average is $213.79 and its 200-day moving average is $209.61. The stock has a market capitalization of $9.71 billion, a PE ratio of 25.56 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 EPS. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.42 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is 19.18%.

Wall Street Analysts Forecast Growth

FCFS has been the topic of several recent analyst reports. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen lifted their target price on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FirstCash presently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in shares of FirstCash by 21,984.3% during the 2nd quarter. California State Teachers Retirement System now owns 9,970,621 shares of the company’s stock valued at $2,156,845,000 after buying an additional 9,925,473 shares during the period. BlackRock Inc. acquired a new position in shares of FirstCash in the second quarter worth $1,088,429,000. Price T Rowe Associates Inc. MD increased its stake in shares of FirstCash by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after acquiring an additional 312,132 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of FirstCash during the second quarter worth $248,059,000. Finally, Geode Capital Management LLC raised its holdings in shares of FirstCash by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock worth $166,367,000 after acquiring an additional 31,550 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.