Key Points
- Insider sale: FirstCash CFO R. Douglas Orr sold 2,000 shares on Feb. 17 at an average price of $182.99 for $365,980, reducing his stake to 36,734 shares (a 5.16% decrease); other senior executives, including the COO, have also sold shares recently, which could weigh on near-term sentiment.
- Company fundamentals: FirstCash beat quarterly estimates with $2.64 EPS and $1.06B revenue (revenue +19.8% YoY), announced a $0.42 quarterly dividend (annualized $1.68) and a $150M share repurchase program (~2.3% of outstanding shares).
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $182.99, for a total value of $365,980.00. Following the completion of the transaction, the chief financial officer directly owned 36,734 shares of the company's stock, valued at approximately $6,721,954.66. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
R Douglas Orr also recently made the following trade(s):
- On Tuesday, February 17th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $182.98, for a total value of $182,980.00.
- On Thursday, February 5th, R Douglas Orr sold 3,500 shares of FirstCash stock. The stock was sold at an average price of $174.99, for a total value of $612,465.00.
- On Thursday, February 5th, R Douglas Orr sold 4,000 shares of FirstCash stock. The shares were sold at an average price of $175.37, for a total transaction of $701,480.00.
FirstCash Price Performance
FCFS stock opened at $183.90 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The company's fifty day moving average price is $168.25 and its 200-day moving average price is $157.13. FirstCash Holdings, Inc. has a one year low of $109.51 and a one year high of $188.75. The company has a market capitalization of $8.09 billion, a PE ratio of 24.78 and a beta of 0.49.
FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. FirstCash's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $2.12 earnings per share. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.
FirstCash Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th. FirstCash's payout ratio is 22.64%.
FirstCash announced that its board has approved a share repurchase program on Thursday, October 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. TD Cowen reaffirmed a "buy" rating on shares of FirstCash in a research note on Friday, October 31st. Zacks Research lowered shares of FirstCash from a "strong-buy" rating to a "hold" rating in a report on Friday, January 2nd. Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a research note on Friday, February 6th. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of FirstCash in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, FirstCash has a consensus rating of "Moderate Buy" and a consensus target price of $169.40.
Check Out Our Latest Stock Analysis on FirstCash
Institutional Trading of FirstCash
Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of FirstCash during the second quarter valued at $25,000. Root Financial Partners LLC bought a new stake in FirstCash during the 3rd quarter valued at about $25,000. Rothschild Investment LLC boosted its position in FirstCash by 127.8% in the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company's stock valued at $29,000 after buying an additional 101 shares during the period. CIBC Private Wealth Group LLC boosted its position in FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock valued at $31,000 after buying an additional 162 shares during the period. Finally, Community Bank N.A. bought a new position in FirstCash in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 80.30% of the company's stock.
Key Stories Impacting FirstCash
Here are the key news stories impacting FirstCash this week:
- Positive Sentiment: Coverage highlighting FirstCash as a stabilizing holding for the Nasdaq financial sector supports demand from index/ETF managers and defensive-focused buyers; that narrative can lift multiple and interest in the stock. How FirstCash Provides Stability To Nasdaq Index Fund Financial Sector
- Positive Sentiment: Reported decline in short interest (article cites a 12.5% drop) reduces downward pressure from short sellers and can mechanically support the share price as bearish positions unwind. Short Interest in FirstCash Declines By 12.5%
- Neutral Sentiment: Valuation write-ups after recent share-price momentum note that FirstCash has seen strong gains and suggest investors reassess fair value — useful context but not an immediate catalyst. A Look At FirstCash Valuation After Strong Recent Share Price Momentum
- Neutral Sentiment: Some short-interest data in filings shows zero shares / NaN changes for the reporting period — likely a data glitch or reporting artifact; interpret short-interest trends using multiple sources. (Source: market data feed entry)
- Negative Sentiment: Insider sales by senior executives could be perceived negatively by investors even if routine: COO Thomas Brent Stuart sold 10,000 shares at ~$182.53 (~$1.83M) and CFO R. Douglas Orr sold 3,000 shares across filings at ~\$182.98, reducing their holdings. These SEC-filed sales may create short-term sentiment pressure. COO Form 4 CFO Form 4
About FirstCash
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
