FirstCash (NASDAQ:FCFS) SVP Raul Ramos Sells 6,835 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 6,835 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Raul Ramos also recently made the following trade(s):

• On Thursday, May 28th, Raul Ramos sold 3,165 shares of FirstCash stock. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45.

FirstCash Stock Down 0.8%

FCFS opened at $223.74 on Tuesday. The firm has a 50 day moving average price of $214.18 and a 200 day moving average price of $187.40. The company has a market cap of $9.81 billion, a PE ratio of 28.04 and a beta of 0.52. FirstCash Holdings, Inc. has a 1 year low of $119.21 and a 1 year high of $235.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company’s 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. Sell-side analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is 21.05%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD Cowen increased their price objective on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group increased their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, FirstCash presently has an average rating of “Buy” and an average target price of $198.00.

Hedge Funds Weigh In On FirstCash

Several institutional investors and hedge funds have recently made changes to their positions in FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of FirstCash by 4.7% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after buying an additional 34,364 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock valued at $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of FirstCash by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after buying an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 buying an additional 8,402 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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.