Key Points
- Insider sale: Howard Hambleton sold 4,000 FirstCash shares at an average $163.74 for $654,960, lowering his holding to 26,581 shares—a 13.08% reduction, disclosed in an SEC filing.
- Quarterly beat: FirstCash reported $2.26 EPS vs. $1.91 expected and $904.3M revenue vs. $845.3M expected, with revenue up 11.7% year-over-year; analysts project $7.7 EPS for the fiscal year.
- Capital returns and sentiment: The board authorized a $150M buyback (about 2.3% of shares) and the company pays a $0.42 quarterly dividend ($1.68 annualized, ~1.0% yield); consensus analyst rating is "Buy" with a $167 target.
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) insider Howard Hambleton sold 4,000 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.74, for a total transaction of $654,960.00. Following the completion of the transaction, the insider owned 26,581 shares in the company, valued at $4,352,372.94. This represents a 13.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
FirstCash Stock Up 0.4%
Shares of NASDAQ FCFS opened at $164.60 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.72 and a current ratio of 4.99. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $166.08. The stock's 50-day simple moving average is $157.21 and its 200-day simple moving average is $144.81. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 23.75 and a beta of 0.53.
FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.91 by $0.35. The company had revenue of $904.27 million during the quarter, compared to analysts' expectations of $845.28 million. FirstCash had a return on equity of 17.44% and a net margin of 8.88%.The business's revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.
FirstCash Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. FirstCash's dividend payout ratio (DPR) is currently 24.24%.
FirstCash announced that its board has authorized a stock buyback program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Weiss Ratings restated a "buy (a-)" rating on shares of FirstCash in a research note on Monday, December 8th. Loop Capital lowered FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Friday, September 5th. Canaccord Genuity Group restated a "buy" rating and set a $205.00 price objective on shares of FirstCash in a research note on Monday, December 8th. TD Cowen boosted their target price on shares of FirstCash from $181.00 to $188.00 and gave the company a "buy" rating in a research note on Friday, October 31st. Finally, Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $167.00.
Check Out Our Latest Report on FirstCash
Institutional Trading of FirstCash
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in FirstCash by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company's stock valued at $649,040,000 after buying an additional 83,113 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FirstCash by 1.2% in the second quarter. Geode Capital Management LLC now owns 980,738 shares of the company's stock valued at $132,552,000 after acquiring an additional 11,534 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of FirstCash by 1.0% in the third quarter. Stephens Investment Management Group LLC now owns 857,510 shares of the company's stock valued at $135,847,000 after acquiring an additional 8,610 shares in the last quarter. Sei Investments Co. increased its stake in shares of FirstCash by 4.0% during the third quarter. Sei Investments Co. now owns 742,610 shares of the company's stock valued at $117,644,000 after acquiring an additional 28,704 shares during the period. Finally, Boston Partners raised its holdings in FirstCash by 1.3% during the second quarter. Boston Partners now owns 658,961 shares of the company's stock worth $88,871,000 after purchasing an additional 8,503 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.
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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