Insider Selling: FirstCash (NASDAQ:FCFS) Director Sells 1,500 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Randel Owen sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $152.20, for a total transaction of $228,300.00. Following the transaction, the director owned 7,651 shares in the company, valued at approximately $1,164,482.20. This trade represents a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FirstCash Stock Down 5.5%

FCFS stock traded down $8.54 during trading on Thursday, reaching $148.05. The stock had a trading volume of 410,435 shares, compared to its average volume of 304,140. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 22.74 and a beta of 0.66. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $166.08. The company’s 50 day moving average is $154.45 and its two-hundred day moving average is $141.12.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 30th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. The firm had revenue of $904.27 million for the quarter, compared to the consensus estimate of $845.28 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 30th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.68 annualized dividend and a yield of 1.1%. FirstCash’s payout ratio is currently 24.24%.

Institutional Trading of FirstCash

A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in FirstCash in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in shares of FirstCash in the third quarter worth $25,000. Rothschild Investment LLC boosted its holdings in shares of FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after acquiring an additional 101 shares during the period. Community Bank N.A. purchased a new position in shares of FirstCash in the third quarter valued at $32,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of FirstCash by 70.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FCFS shares. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Weiss Ratings upgraded shares of FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday. Cowen reaffirmed a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $167.00.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.