Insider Selling: FirstCash (NASDAQ:FCFS) CFO Sells 3,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $158.17, for a total transaction of $474,510.00. Following the completion of the sale, the chief financial officer directly owned 90,567 shares of the company’s stock, valued at $14,324,982.39. The trade was a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 17th, R Douglas Orr sold 2,500 shares of FirstCash stock. The shares were sold at an average price of $158.45, for a total transaction of $396,125.00.
• On Wednesday, October 15th, R Douglas Orr sold 2,852 shares of FirstCash stock. The stock was sold at an average price of $159.72, for a total transaction of $455,521.44.
• On Wednesday, October 15th, R Douglas Orr sold 4,000 shares of FirstCash stock. The shares were sold at an average price of $159.64, for a total value of $638,560.00.
• On Tuesday, October 14th, R Douglas Orr sold 648 shares of FirstCash stock. The stock was sold at an average price of $159.00, for a total value of $103,032.00.
• On Tuesday, September 2nd, R Douglas Orr sold 2,500 shares of FirstCash stock. The stock was sold at an average price of $146.40, for a total value of $366,000.00.
• On Tuesday, September 2nd, R Douglas Orr sold 3,000 shares of FirstCash stock. The shares were sold at an average price of $148.41, for a total value of $445,230.00.

FirstCash Stock Up 0.7%

FirstCash stock traded up $1.02 during midday trading on Wednesday, hitting $156.59. 212,520 shares of the company were exchanged, compared to its average volume of 303,661. The company has a market cap of $6.91 billion, a PE ratio of 24.05 and a beta of 0.66. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $166.08. The company’s fifty day moving average price is $154.22 and its 200-day moving average price is $141.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.35. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company had revenue of $904.27 million during the quarter, compared to the consensus estimate of $845.28 million. During the same quarter last year, the company earned $1.67 earnings per share. FirstCash’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.68 annualized dividend and a yield of 1.1%. FirstCash’s payout ratio is 24.24%.

FirstCash declared that its Board of Directors has approved a share repurchase program on Thursday, October 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On FirstCash

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in FirstCash during the 2nd quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of FirstCash during the third quarter valued at approximately $25,000. Rothschild Investment LLC raised its holdings in FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after purchasing an additional 101 shares in the last quarter. Community Bank N.A. bought a new stake in shares of FirstCash in the 3rd quarter worth $32,000. Finally, Smartleaf Asset Management LLC lifted its holdings in FirstCash by 70.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

FCFS has been the subject of several recent analyst reports. Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday. Canaccord Genuity Group raised their price objective on FirstCash from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Capital One Financial set a $160.00 price target on shares of FirstCash in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group upgraded shares of FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $167.00.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.