FirstCash (NASDAQ:FCFS) Insider Howard Hambleton Sells 3,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard Hambleton sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the transaction, the insider owned 32,406 shares in the company, valued at approximately $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Stock Up 0.4%

FCFS opened at $225.86 on Wednesday. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 28.30 and a beta of 0.52. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The company’s 50-day moving average price is $205.38 and its two-hundred day moving average price is $181.10.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 15th. FirstCash’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FCFS. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. TD Cowen upped their price target on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group upped their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $198.00.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in FirstCash by 96.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company’s stock worth $38,091,000 after acquiring an additional 117,788 shares during the period. Vanguard Group Inc. increased its holdings in FirstCash by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after acquiring an additional 83,113 shares during the period. Coastal Bridge Advisors LLC bought a new stake in FirstCash during the 3rd quarter worth approximately $1,361,000. Victory Capital Management Inc. increased its holdings in FirstCash by 76.3% during the 3rd quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after acquiring an additional 231,379 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in FirstCash during the 3rd quarter worth approximately $3,463,000. Institutional investors 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.