R Douglas Orr Sells 2,000 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the sale, the chief financial officer now directly owns 92,715 shares in the company, valued at approximately $10,804,078.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FirstCash Trading Up 0.2 %

NASDAQ FCFS traded up $0.26 on Monday, hitting $116.61. 293,799 shares of the stock were exchanged, compared to its average volume of 223,766. FirstCash Holdings, Inc. has a 52-week low of $88.05 and a 52-week 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 $5.30 billion, a price-to-earnings ratio of 22.73 and a beta of 0.63. The company’s 50-day moving average price is $121.83 and its two-hundred day moving average price is $115.28.

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. The company had revenue of $836.40 million during the quarter, compared to analyst estimates of $846.08 million. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. Research analysts predict that FirstCash Holdings, Inc. will post 6.75 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.20%. FirstCash’s dividend payout ratio (DPR) is currently 27.29%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FCFS. State of Michigan Retirement System raised its holdings in FirstCash by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 8,915 shares of the company’s stock worth $966,000 after acquiring an additional 100 shares during the period. Retirement Systems of Alabama boosted its position in shares of FirstCash by 0.3% in the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company’s stock valued at $5,924,000 after acquiring an additional 122 shares during the period. Covestor Ltd raised its stake in FirstCash by 16.2% during the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after purchasing an additional 137 shares during the last quarter. Parkside Financial Bank & Trust grew its position in FirstCash by 20.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 841 shares of the company’s stock worth $91,000 after buying an additional 140 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.