FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel Sells 720,950 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel sold 720,950 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total value of $85,000,005.00. Following the completion of the sale, the director now directly owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Douglas Richard Rippel also recently made the following trade(s):

• On Friday, March 15th, Douglas Richard Rippel sold 17,395 shares of FirstCash stock. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35.
• On Wednesday, March 13th, Douglas Richard Rippel sold 21,852 shares of FirstCash stock. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80.
• On Monday, March 11th, Douglas Richard Rippel sold 21,959 shares of FirstCash stock. The stock was sold at an average price of $116.32, for a total value of $2,554,270.88.
• On Friday, March 8th, Douglas Richard Rippel sold 16,350 shares of FirstCash stock. The stock was sold at an average price of $115.45, for a total transaction of $1,887,607.50.
• On Wednesday, March 6th, Douglas Richard Rippel sold 7,891 shares of FirstCash stock. The stock was sold at an average price of $115.17, for a total transaction of $908,806.47.
• On Monday, March 4th, Douglas Richard Rippel sold 9,320 shares of FirstCash stock. The stock was sold at an average price of $115.30, for a total transaction of $1,074,596.00.
• On Friday, March 1st, Douglas Richard Rippel sold 5,916 shares of FirstCash stock. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44.
• On Wednesday, February 28th, Douglas Richard Rippel sold 17,707 shares of FirstCash stock. The stock was sold at an average price of $116.32, for a total transaction of $2,059,678.24.
• On Monday, February 26th, Douglas Richard Rippel sold 15,330 shares of FirstCash stock. The shares were sold at an average price of $117.34, for a total transaction of $1,798,822.20.

FirstCash Price Performance

FirstCash stock traded up $2.44 during mid-day trading on Friday, reaching $118.68. The company had a trading volume of 153,939 shares, compared to its average volume of 220,552. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.99 and a quick ratio of 3.03. The company has a market capitalization of $5.40 billion, a P/E ratio of 22.91 and a beta of 0.63. The stock’s 50-day simple moving average is $122.32 and its 200-day simple moving average is $116.32.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The company had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. During the same period last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that FirstCash Holdings, Inc. will post 6.75 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. FirstCash’s dividend payout ratio is presently 27.29%.

Wall Street Analyst Weigh In

FCFS has been the subject of several research analyst reports. Stephens upped their price objective on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $140.00 in a research note on Monday, April 29th. Finally, TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th.

Institutional Trading of FirstCash

Several large investors have recently modified their holdings of FCFS. Natixis Advisors L.P. boosted its position in FirstCash by 22.9% during the fourth quarter. Natixis Advisors L.P. now owns 43,705 shares of the company’s stock worth $4,737,000 after acquiring an additional 8,152 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of FirstCash in the 4th quarter valued at $848,000. Monument Capital Management acquired a new position in shares of FirstCash in the 4th quarter valued at $2,135,000. Sei Investments Co. boosted its holdings in shares of FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after purchasing an additional 63,219 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after purchasing an additional 145,821 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

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.