FirstCash (NASDAQ:FCFS) Insider Sells $425,960.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard Hambleton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the transaction, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $205.91 on Friday. 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 fifty-two week low of $137.31 and a fifty-two week high of $235.97. The business has a 50 day moving average price of $214.07 and a two-hundred day moving average price of $206.78. The firm has a market cap of $8.93 billion, a PE ratio of 23.51 and a beta of 0.53.

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 analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion for 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%.FirstCash’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Sell-side analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.42 per share. 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 (DPR) is currently 19.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCFS. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings upgraded FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. TD Cowen boosted their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Canaccord Genuity Group upped their price objective on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its stake in FirstCash by 9.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock worth $89,296,000 after buying an additional 40,535 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in FirstCash by 70,840.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after buying an additional 43,921 shares during the last quarter. Fourth Sail Capital LP acquired a new position in shares of FirstCash during the fourth quarter valued at $17,439,000. Brant Point Investment Management LLC acquired a new position in shares of FirstCash during the fourth quarter valued at $2,391,000. Finally, Hsbc Holdings PLC bought a new position in shares of FirstCash during the fourth quarter worth about $5,476,000. 80.30% of the stock is currently owned by institutional investors.

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.