FirstCash (NASDAQ:FCFS) COO Sells $1,147,841.24 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) COO Thomas Brent Stuart sold 5,348 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the sale, the chief operating officer owned 135,498 shares of the company’s stock, valued at approximately $29,081,935.74. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Stock Performance

FirstCash stock opened at $205.91 on Friday. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The stock has a market cap of $8.93 billion, a PE ratio of 23.51 and a beta of 0.53. FirstCash Holdings, Inc. has a 12-month low of $137.31 and a 12-month high of $235.97. The business’s 50-day moving average price is $214.07 and its two-hundred day moving average price is $206.78.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. As a group, analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 19.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group boosted their price objective on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Monday, August 10th. Finally, TD Cowen increased their target price on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, FirstCash currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

Hedge Funds Weigh In On FirstCash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of FirstCash during the second quarter valued at $1,088,429,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after purchasing an additional 312,132 shares during the period. Bank of America Corp DE bought a new stake in shares of FirstCash in the second quarter worth $248,059,000. Geode Capital Management LLC grew its stake in shares of FirstCash by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock worth $166,367,000 after purchasing an additional 31,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FirstCash by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after purchasing an additional 5,626 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Company Profile

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.