FirstCash (NASDAQ:FCFS) COO Thomas Brent Stuart Sells 5,348 Shares of Stock

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

FirstCash Trading Down 1.6%

Shares of NASDAQ:FCFS opened at $212.74 on Wednesday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 24.29 and a beta of 0.53. FirstCash Holdings, Inc. has a 1-year low of $137.31 and a 1-year high of $235.97. 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 company has a 50 day moving average price of $214.31 and a 200 day moving average price of $206.24.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.34 earnings per share. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

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

Institutional Trading of FirstCash

Several large investors have recently added to or reduced their stakes in FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after buying an additional 1,021 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after acquiring an additional 34,364 shares in the last quarter. Jane Street Group LLC boosted its position in FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after acquiring an additional 43,653 shares during the period. American Century Companies Inc. boosted its position in FirstCash by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after acquiring an additional 666 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in FirstCash by 67.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after acquiring an additional 8,402 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group boosted their price objective on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Finally, TD Cowen raised their target price on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and a consensus price target of $249.00.

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.