Key Points
- Director Randel Owen sold 1,500 FirstCash shares on Nov. 20 for $152.20 each, totaling $228,300, cutting his stake by 16.39% to 7,651 shares (≈$1.16M).
- Company fundamentals/supportive actions: FirstCash beat Q3 estimates with $2.26 EPS and $904.3M revenue, approved a $150M share repurchase (≈2.3% of shares), declared a $0.42 quarterly dividend, and holds a consensus "Buy" analyst rating (avg. target $167).
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) Director Randel Owen sold 1,500 shares of the 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 completion of the transaction, the director owned 7,651 shares of the company's stock, valued at approximately $1,164,482.20. The trade was a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
FirstCash Stock Up 2.4%
Shares of FCFS traded up $3.55 during trading hours on Friday, hitting $151.60. The company had a trading volume of 40,816 shares, compared to its average volume of 302,893. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 23.29 and a beta of 0.66. The firm has a fifty day moving average price of $154.44 and a 200-day moving average price of $141.17. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $166.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21.
FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.35. The business had revenue of $904.27 million during the quarter, compared to analyst estimates of $845.28 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.
FirstCash declared that its board has approved a stock repurchase program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
FirstCash Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. FirstCash's dividend payout ratio (DPR) is currently 24.24%.
Wall Street Analyst Weigh In
FCFS has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price target on FirstCash from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, October 31st. Zacks Research upgraded FirstCash from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Wall Street Zen raised FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. Capital One Financial set a $160.00 price target on FirstCash in a report on Tuesday, August 5th. Finally, Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, FirstCash has a consensus rating of "Buy" and an average target price of $167.00.
Get Our Latest Stock Analysis on FCFS
Institutional Investors Weigh In On FirstCash
Several hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in FirstCash in the 3rd quarter valued at $25,000. Rothschild Investment LLC boosted its stake in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company's stock valued at $29,000 after purchasing an additional 101 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of FirstCash during the second quarter valued at $25,000. Community Bank N.A. purchased a new position in FirstCash in the 3rd quarter worth about $32,000. Finally, Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 91 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
About FirstCash
(
Get Free Report)
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.
Further Reading

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