Key Points
- FirstCash SVP Raul Ramos sold 3,165 shares on May 28 at an average price of $231.13, totaling about $731,526. After the sale, he still held 27,235 shares worth roughly $6.29 million.
- The company recently posted strong quarterly results, with EPS of $2.69 beating estimates and revenue of $1.05 billion rising 25.7% year over year. Analysts now expect FirstCash to earn 11.3 EPS for the full fiscal year.
- FirstCash continues to draw supportive analyst and investor attention, with a consensus “Buy” rating and a $198 average price target, while institutional ownership remains high at 80.3%. The company also paid a quarterly dividend of $0.42 per share, equal to a 0.8% annualized yield.
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) SVP Raul Ramos sold 3,165 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45. Following the sale, the senior vice president directly owned 27,235 shares in the company, valued at approximately $6,294,825.55. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
FirstCash Price Performance
Shares of FirstCash stock opened at $213.76 on Tuesday. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The business has a 50-day moving average price of $211.45 and a 200 day moving average price of $185.21. The firm has a market cap of $9.37 billion, a PE ratio of 26.79 and a beta of 0.52.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business posted $2.07 earnings per share. FirstCash's revenue for the quarter was up 25.7% on a year-over-year basis. Sell-side analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.
FirstCash Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash's dividend payout ratio (DPR) is 21.05%.
Analyst Upgrades and Downgrades
FCFS has been the topic of several recent research reports. Canaccord Genuity Group lifted their target price on shares of FirstCash from $242.00 to $252.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Zacks Research upgraded FirstCash from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. TD Cowen increased their price objective on FirstCash from $205.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, April 24th. Weiss Ratings downgraded FirstCash from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, FirstCash presently has a consensus rating of "Buy" and an average price target of $198.00.
Check Out Our Latest Report on FCFS
Institutional Trading of FirstCash
Large investors have recently made changes to their positions in the company. Wellington Grp LLC lifted its stake in FirstCash by 43,752.4% in the first quarter. Wellington Grp LLC now owns 9,209 shares of the company's stock worth $1,731,000 after acquiring an additional 9,188 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of FirstCash by 20.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the company's stock valued at $402,000 after purchasing an additional 362 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of FirstCash by 19.8% in the 1st quarter. California State Teachers Retirement System now owns 45,148 shares of the company's stock valued at $8,488,000 after purchasing an additional 7,475 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of FirstCash by 34.0% during the 1st quarter. Quantinno Capital Management LP now owns 5,101 shares of the company's stock worth $959,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Castleark Management LLC lifted its position in shares of FirstCash by 15.6% during the 1st quarter. Castleark Management LLC now owns 70,730 shares of the company's stock worth $13,297,000 after purchasing an additional 9,530 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
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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