Raul Ramos Sells 3,165 Shares of FirstCash (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 3,165 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $231.13, for a total value of $731,526.45. Following the completion of the transaction, the senior vice president owned 27,235 shares in the company, valued at $6,294,825.55. This represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

FirstCash Price Performance

Shares of FCFS opened at $209.25 on Wednesday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 26.22 and a beta of 0.52. FirstCash Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The business’s 50-day moving average is $211.45 and its 200-day moving average is $185.21.

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

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.42 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio is currently 21.05%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FCFS. TD Cowen upped their target price on FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, Canaccord Genuity Group boosted their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two 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 has an average rating of “Buy” and a consensus target price of $198.00.

Institutional Investors Weigh In On FirstCash

Several large investors have recently made changes to their positions in FCFS. JPMorgan Chase & Co. boosted its position in FirstCash by 96.0% during the third quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company’s stock worth $38,091,000 after purchasing an additional 117,788 shares during the period. Vanguard Group Inc. boosted its position in FirstCash by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after purchasing an additional 83,113 shares during the period. Oak Ridge Investments LLC bought a new stake in FirstCash during the fourth quarter worth approximately $1,857,000. Northwestern Mutual Wealth Management Co. boosted its position in FirstCash by 70,840.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock worth $7,010,000 after purchasing an additional 43,921 shares during the period. Finally, Victory Capital Management Inc. boosted its position in FirstCash by 76.3% during the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after purchasing an additional 231,379 shares during the period. Institutional investors own 80.30% of the company’s stock.

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.