FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) insider Howard Hambleton sold 4,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total value of $740,480.00. Following the completion of the sale, the insider owned 35,406 shares in the company, valued at $6,554,358.72. This trade represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
FirstCash Price Performance
Shares of NASDAQ FCFS opened at $184.11 on Thursday. The firm has a market capitalization of $8.10 billion, a P/E ratio of 24.81 and a beta of 0.49. The company has a quick ratio of 3.36, a current ratio of 4.55 and a debt-to-equity ratio of 0.97. The stock's 50-day simple moving average is $168.76 and its two-hundred day simple moving average is $157.32. FirstCash Holdings, Inc. has a twelve month low of $109.51 and a twelve month high of $188.75.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $2.12 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.
FirstCash Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th. FirstCash's payout ratio is currently 22.64%.
FirstCash declared that its board has approved a share buyback program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.
FirstCash News Roundup
Here are the key news stories impacting FirstCash this week:
- Positive Sentiment: Short interest fell sharply (reported ~12.5% decline), reducing potential selling pressure from shorts and potentially providing mechanical support as bearish positions unwind. Short Interest in FirstCash Declines By 12.5%
- Positive Sentiment: FirstCash declared a quarterly dividend (record date Feb 18; payment Feb 27) and still has an active share-repurchase authorization (~$150M program), both supportive of shareholder returns and signaling management confidence. FCFS insider & company update
- Positive Sentiment: Sector coverage highlighting FirstCash as a stabilizing holding in Nasdaq financial ETFs can increase demand from index/defensive investors and lift the multiple. How FirstCash Provides Stability To Nasdaq Index Fund Financial Sector
- Neutral Sentiment: Analyst coverage and valuation notes are mixed — some firms keep Buy ratings and higher targets while others have trimmed enthusiasm; useful context for longer-term positioning but not an immediate catalyst. A Look At FirstCash Valuation After Strong Recent Share Price Momentum
- Negative Sentiment: Insider selling by senior executives: COO Thomas Brent Stuart sold 10,000 shares (~$1.83M at ~$182.53) and CFO R. Douglas Orr sold multiple tranches (~3,000 shares around $173–183), plus director Howard Hambleton sold 4,000 shares at ~$185. These SEC-filed sales (Form 4s) reduce insider ownership and can create short-term sentiment headwinds. COO Form 4 CFO Form 4 Director Form 4
Analysts Set New Price Targets
FCFS has been the subject of several research reports. Canaccord Genuity Group set a $217.00 target price on shares of FirstCash in a research report on Friday, February 6th. TD Cowen reiterated a "buy" rating on shares of FirstCash in a report on Friday, October 31st. Zacks Research cut FirstCash from a "strong-buy" rating to a "hold" rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of FirstCash in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FirstCash has an average rating of "Moderate Buy" and a consensus price target of $177.50.
Read Our Latest Research Report on FirstCash
Institutional Trading of FirstCash
Institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in FirstCash during the 2nd quarter valued at $336,000. Drive Wealth Management LLC purchased a new position in shares of FirstCash in the second quarter valued at about $230,000. Squarepoint Ops LLC raised its stake in shares of FirstCash by 685.2% during the second quarter. Squarepoint Ops LLC now owns 37,896 shares of the company's stock valued at $5,121,000 after acquiring an additional 33,070 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of FirstCash by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 388,635 shares of the company's stock valued at $52,520,000 after acquiring an additional 6,633 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of FirstCash by 26.0% during the second quarter. Intech Investment Management LLC now owns 33,462 shares of the company's stock worth $4,522,000 after purchasing an additional 6,907 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.
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.
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