R Douglas Orr Sells 2,000 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

FirstCash Stock Performance

FirstCash stock opened at $119.02 on Wednesday. The company has a 50 day moving average price of $121.82 and a 200-day moving average price of $115.37. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.64. The company has a market capitalization of $5.41 billion, a PE ratio of 23.20 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The firm had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s dividend payout ratio is presently 27.29%.

Analysts Set New Price Targets

Several analysts have issued reports on FCFS shares. Stephens raised their price objective on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $140.00 in a research note on Monday, April 29th. Finally, TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th.

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently modified their holdings of FCFS. State of Michigan Retirement System increased its holdings in FirstCash by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 8,915 shares of the company’s stock valued at $966,000 after buying an additional 100 shares during the period. Retirement Systems of Alabama increased its holdings in FirstCash by 0.3% during the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company’s stock valued at $5,924,000 after buying an additional 122 shares during the period. Covestor Ltd increased its holdings in FirstCash by 16.2% during the third quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after buying an additional 137 shares during the period. Parkside Financial Bank & Trust increased its holdings in FirstCash by 20.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 841 shares of the company’s stock valued at $91,000 after buying an additional 140 shares during the period. Finally, Whittier Trust Co. increased its holdings in FirstCash by 62.2% during the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after buying an additional 176 shares during the period. Institutional investors own 80.30% of the company’s stock.

About FirstCash

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.