Key Points
- Director James Graves sold 3,750 FirstCash shares at an average price of $221.20, generating $829,500 and reducing his position by 23.92% to 11,929 shares.
- FirstCash reported strong quarterly results, with EPS of $2.50 exceeding estimates and revenue rising 29.4% year over year to $1.07 billion. The company also maintains a $0.42 quarterly dividend, equal to a 0.8% yield.
- Analyst sentiment remains favorable, with four Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $249 price target; institutional investors own 80.3% of the stock.
FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) Director James Graves sold 3,750 shares of FirstCash stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total transaction of $829,500.00. Following the sale, the director owned 11,929 shares in the company, valued at $2,638,694.80. This represents a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
FirstCash Price Performance
Shares of FCFS stock opened at $223.92 on Friday. The firm has a fifty day simple moving average of $213.92 and a 200-day simple moving average of $209.90. The company has a market capitalization of $9.71 billion, a PE ratio of 25.56 and a beta of 0.53. FirstCash Holdings, Inc. has a twelve month low of $144.56 and a twelve month high of $238.93. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01.
FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm's quarterly revenue was up 29.4% on a year-over-year basis. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.
FirstCash Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, August 14th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash's dividend payout ratio (DPR) is currently 19.18%.
Institutional Investors Weigh In On FirstCash
A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in FirstCash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company's stock valued at $2,761,000 after buying an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in FirstCash by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock worth $46,866,000 after buying an additional 34,364 shares during the last quarter. Jane Street Group LLC lifted its holdings in FirstCash by 237.2% during the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock worth $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. grew its position in shares of FirstCash by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company's stock worth $1,917,000 after acquiring an additional 666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of FirstCash by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company's stock worth $2,821,000 after acquiring an additional 8,402 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on FCFS shares. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Weiss Ratings lowered FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Zacks Research downgraded FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. TD Cowen upped their target price on FirstCash from $235.00 to $240.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Finally, Loop Capital upgraded FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price for the company in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.00.
View Our Latest Research Report on FCFS
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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