Insider Selling: FirstCash (NASDAQ:FCFS) CFO Sells 2,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total transaction of $365,980.00. Following the transaction, the chief financial officer owned 36,734 shares of the company’s stock, valued at $6,721,954.66. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

R Douglas Orr also recently made the following trade(s):

• On Tuesday, February 17th, R Douglas Orr sold 1,000 shares of FirstCash stock. The stock was sold at an average price of $182.98, for a total value of $182,980.00.
• On Thursday, February 5th, R Douglas Orr sold 3,500 shares of FirstCash stock. The stock was sold at an average price of $174.99, for a total transaction of $612,465.00.
• On Thursday, February 5th, R Douglas Orr sold 4,000 shares of FirstCash stock. The shares were sold at an average price of $175.37, for a total transaction of $701,480.00.

FirstCash Stock Up 1.1%

FirstCash stock traded up $2.01 during trading hours on Tuesday, hitting $183.90. The stock had a trading volume of 324,869 shares, compared to its average volume of 275,499. The stock’s 50-day moving average price is $167.70 and its 200-day moving average price is $156.76. FirstCash Holdings, Inc. has a 12-month low of $109.51 and a 12-month high of $188.75. The company has a quick ratio of 3.36, a current ratio of 4.55 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $8.09 billion, a P/E ratio of 24.78 and a beta of 0.49.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.10. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 18th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 18th. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. FirstCash’s dividend payout ratio is 22.64%.

FirstCash announced that its Board of Directors has initiated a stock buyback program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

FCFS has been the subject of a number of research reports. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Finally, Canaccord Genuity Group set a $217.00 price objective on FirstCash in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, FirstCash has an average rating of “Moderate Buy” and a consensus target price of $169.40.

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCFS. State of Wyoming boosted its stake in FirstCash by 4.3% in the 3rd quarter. State of Wyoming now owns 1,765 shares of the company’s stock worth $280,000 after purchasing an additional 73 shares during the period. Profund Advisors LLC boosted its holdings in FirstCash by 4.9% during the 3rd quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock valued at $259,000 after acquiring an additional 76 shares during the period. Ascent Group LLC grew its holdings in shares of FirstCash by 6.0% in the fourth quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after purchasing an additional 81 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of FirstCash by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 16,937 shares of the company’s stock valued at $2,289,000 after acquiring an additional 83 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of FirstCash by 1.0% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock worth $1,379,000 after buying an additional 85 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

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.