FirstCash (NASDAQ:FCFS) CFO Sells $454,580.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the sale, the chief financial officer owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This trade represents a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, May 18th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $227.32, for a total value of $227,320.00.

FirstCash Price Performance

Shares of FCFS traded up $0.90 during mid-day trading on Tuesday, hitting $225.86. 276,353 shares of the company traded hands, compared to its average volume of 322,858. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average of $204.67 and a 200 day moving average of $180.55. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 28.30 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last issued its quarterly 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. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $2.07 earnings per share. FirstCash’s revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is 21.05%.

Hedge Funds Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock worth $2,761,000 after buying an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after buying an additional 34,364 shares during the last quarter. Jane Street Group LLC boosted its holdings in FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. boosted its holdings in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after buying an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after buying an additional 8,402 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

FCFS has been the topic of several research reports. TD Cowen upped their price target on FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group increased their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $198.00.

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.