Key Points
- Director Paula Garrett sold 1,500 shares on May 1 at an average price of $217.40 for proceeds of $326,100, reducing her stake by 18.6% to 6,564 shares valued at about $1.43 million.
- FirstCash beat quarterly expectations, reporting $2.69 EPS versus $2.30 expected and revenue of $1.05 billion (up 25.7% year-over-year), with a 9.15% net margin and 18.68% return on equity.
- The company announced a quarterly dividend of $0.42 per share (annualized $1.68, ~0.8% yield, 21.05% payout ratio), while analysts are generally bullish — consensus rating "Buy" with varied price-target upgrades (e.g., $252, $235).
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) Director Paula Garrett sold 1,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the sale, the director owned 6,564 shares in the company, valued at $1,427,013.60. The trade was a 18.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
FirstCash Stock Performance
Shares of NASDAQ FCFS opened at $219.93 on Friday. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $197.12 and a 200-day simple moving average of $175.22. The company has a market cap of $9.64 billion, a PE ratio of 27.56 and a beta of 0.52. FirstCash Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $227.26.
FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm's revenue was up 25.7% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.
FirstCash Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash's payout ratio is presently 21.05%.
Hedge Funds Weigh In On FirstCash
Hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash during the 1st quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of FirstCash during the 3rd quarter valued at $25,000. Rothschild Investment LLC increased its position in shares of FirstCash by 127.8% during the 3rd 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. CIBC Private Wealth Group LLC increased its position in shares of FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock valued at $31,000 after purchasing an additional 162 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of FirstCash during the 3rd quarter valued at $32,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FCFS. Zacks Research raised FirstCash from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Canaccord Genuity Group lifted their target price on FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Wall Street Zen raised FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings downgraded FirstCash from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Monday. Finally, TD Cowen lifted their target price on FirstCash from $205.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $198.00.
Check Out Our Latest Stock Analysis on FCFS
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.
Further Reading
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