James Graves Sells 3,750 Shares of FirstCash (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director James Graves sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the sale, the director owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FirstCash Stock Performance

Shares of FCFS stock opened at $225.62 on Friday. The stock has a fifty day moving average price of $214.19 and a 200 day moving average price of $210.01. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The stock has a market cap of $9.79 billion, a PE ratio of 25.76 and a beta of 0.53. FirstCash Holdings, Inc. has a 1 year low of $144.56 and a 1 year high of $238.93.

FirstCash (NASDAQ:FCFS) last announced 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. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $1.34 earnings per share. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 14th. FirstCash’s dividend payout ratio is 19.18%.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of recent research reports. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research note on Monday, August 10th. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, TD Cowen lifted their price objective on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of FirstCash by 0.3% during the second quarter. Allianz Asset Management GmbH now owns 61,395 shares of the company’s stock worth $11,561,000 after purchasing an additional 204 shares during the last quarter. Corient Private Wealth LP lifted its position in FirstCash by 161.8% during the second quarter. Corient Private Wealth LP now owns 5,749 shares of the company’s stock worth $1,244,000 after buying an additional 3,553 shares during the period. Wellington Grp LLC boosted its stake in FirstCash by 9.0% in the 2nd quarter. Wellington Grp LLC now owns 10,034 shares of the company’s stock worth $2,171,000 after buying an additional 825 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in FirstCash in the 2nd quarter worth about $562,000. Finally, California State Teachers Retirement System grew its holdings in FirstCash by 21,984.3% in the 2nd quarter. California State Teachers Retirement System now owns 9,970,621 shares of the company’s stock valued at $2,156,845,000 after buying an additional 9,925,473 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.