FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Sells $72,042.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel sold 600 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, September 9th, Douglas Richard Rippel sold 3,374 shares of FirstCash stock. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56.
• On Friday, August 30th, Douglas Richard Rippel sold 7,316 shares of FirstCash stock. The stock was sold at an average price of $119.98, for a total value of $877,773.68.
• On Monday, August 26th, Douglas Richard Rippel sold 2,864 shares of FirstCash stock. The shares were sold at an average price of $120.01, for a total value of $343,708.64.

FirstCash Trading Down 3.4 %

NASDAQ FCFS opened at $113.52 on Wednesday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 22.13 and a beta of 0.62. FirstCash Holdings, Inc. has a 52-week low of $88.79 and a 52-week high of $133.64. The firm has a 50-day moving average price of $112.63 and a 200 day moving average price of $116.14. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million for the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. Equities research analysts expect that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is currently 29.63%.

Hedge Funds Weigh In On FirstCash

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of FirstCash by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after buying an additional 219,983 shares during the last quarter. Earnest Partners LLC increased its holdings in FirstCash by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after acquiring an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP raised its position in FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after acquiring an additional 15,780 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of FirstCash by 6.3% in the first quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after purchasing an additional 52,362 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after purchasing an additional 19,868 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.00.

FirstCash Company Profile

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.