Key Points
- FirstCash SVP Raul Ramos sold 6,835 shares on June 5 at an average price of $225.23, totaling about $1.54 million. After the sale, he still owned 20,400 shares, reducing his stake by 25.10%.
- The executive also sold 3,165 shares on May 28 for about $731,526, indicating a recent pattern of insider selling.
- FirstCash recently beat quarterly expectations, posting EPS of $2.69 versus $2.30 expected and revenue of $1.05 billion, while also paying a quarterly dividend of $0.42 per share.
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) SVP Raul Ramos sold 6,835 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares of the company's stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Raul Ramos also recently made the following trade(s):
- On Thursday, May 28th, Raul Ramos sold 3,165 shares of FirstCash stock. The shares were sold at an average price of $231.13, for a total value of $731,526.45.
FirstCash Stock Performance
FirstCash stock opened at $223.74 on Tuesday. The stock has a 50 day moving average of $214.18 and a 200-day moving average of $187.40. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97. The stock has a market cap of $9.81 billion, a P/E ratio of 28.04 and a beta of 0.52. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98.
FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period last year, the business posted $2.07 earnings per share. The firm's revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.
FirstCash Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash's dividend payout ratio (DPR) is 21.05%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Canaccord Genuity Group raised their price objective on FirstCash from $242.00 to $252.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. TD Cowen raised their price objective on FirstCash from $205.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Zacks Research raised FirstCash from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered FirstCash from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $198.00.
View Our Latest Analysis on FirstCash
Institutional Investors Weigh In On FirstCash
Several large investors have recently added to or reduced their stakes in FCFS. Harbor Investment Advisory LLC acquired a new stake in FirstCash in the first quarter worth $26,000. Rothschild Investment LLC increased its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company's stock worth $29,000 after buying an additional 101 shares during the period. Geneos Wealth Management Inc. acquired a new stake in FirstCash in the first quarter worth $29,000. CIBC Private Wealth Group LLC increased its position in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock worth $31,000 after buying an additional 162 shares during the period. Finally, Community Bank N.A. acquired a new stake in FirstCash in the third quarter worth $32,000. 80.30% of the stock is owned by institutional investors and hedge funds.
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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