FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) insider Howard Hambleton sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total transaction of $425,960.00. Following the sale, the insider owned 30,406 shares in the company, valued at $6,475,869.88. The trade was a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
FirstCash Stock Down 1.6%
Shares of FirstCash stock opened at $212.74 on Wednesday. FirstCash Holdings, Inc. has a 52-week low of $137.31 and a 52-week high of $235.97. The company has a 50 day moving average of $214.31 and a 200 day moving average of $206.24. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $9.23 billion, a P/E ratio of 24.29 and a beta of 0.53.
FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $1.34 EPS. The company's quarterly revenue was up 29.4% compared to the same quarter last year. As a group, research analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.
FirstCash Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash's dividend payout ratio (DPR) is currently 19.18%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Weiss Ratings raised FirstCash from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, August 7th. TD Cowen raised their target price on FirstCash from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Zacks Research cut FirstCash from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group upped their price target on FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FirstCash presently has a consensus rating of "Moderate Buy" and an average target price of $249.00.
View Our Latest Report on FirstCash
Hedge Funds Weigh In On FirstCash
Several large investors have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of FirstCash during the second quarter worth about $6,143,000. AWH Capital L.P. purchased a new stake in shares of FirstCash in the 2nd quarter valued at about $10,632,128,000. Formula Growth Ltd. purchased a new stake in shares of FirstCash in the 2nd quarter valued at about $2,163,000. Coastal Bridge Advisors LLC acquired a new stake in shares of FirstCash in the 2nd quarter valued at about $2,109,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of FirstCash in the 2nd quarter valued at about $8,063,000. Institutional investors and hedge funds own 80.30% of the company's stock.
FirstCash Company Profile
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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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