FirstCash (NASDAQ:FCFS) COO Sells $2,284,900.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the transaction, the chief operating officer owned 140,846 shares of the company’s stock, valued at approximately $32,181,902.54. The trade was a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Price Performance

NASDAQ:FCFS opened at $226.27 on Friday. The stock has a market cap of $9.92 billion, a P/E ratio of 28.35 and a beta of 0.52. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a fifty day moving average price of $206.62 and a 200 day moving average price of $182.06. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $2.07 EPS. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. Analysts anticipate that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.42 per share. 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 presently 21.05%.

Hedge Funds Weigh In On FirstCash

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of FirstCash in the 3rd quarter worth approximately $25,000. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash in the 1st quarter worth approximately $26,000. Rothschild Investment LLC raised its holdings in shares of FirstCash by 127.8% in the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of FirstCash in the 1st quarter valued at $29,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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