FirstCash (NASDAQ:FCFS) Director Sells $829,500.00 in Stock

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

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $225.62 on Friday. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 25.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The business’s 50 day simple moving average is $214.19 and its 200-day simple moving average is $210.01. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.FirstCash’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.42 per share. 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 payout ratio is 19.18%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FCFS shares. Wall Street Zen cut shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a research report on Monday, August 10th. Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, TD Cowen raised their price objective on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

Hedge Funds Weigh In On FirstCash

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its stake 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 worth $2,156,845,000 after acquiring an additional 9,925,473 shares during the period. BlackRock Inc. purchased a new position in shares of FirstCash during the 2nd quarter worth $1,088,429,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after purchasing an additional 312,132 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of FirstCash during the second quarter worth $248,059,000. Finally, Geode Capital Management LLC grew its position in shares of FirstCash by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after purchasing an additional 31,550 shares during the period. Hedge funds and other 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.