FirstCash Holdings, Inc. (NASDAQ:FCFS) Director James H. Graves Sells 6,000 Shares

Key Points

• Director James H. Graves sold 6,000 shares of FirstCash stock at an average price of $134.56, totaling $807,360, representing a 27.46% decrease in their position.
• FirstCash announced a quarterly dividend of $0.42 per share, an increase from the previous dividend of $0.38, indicating a positive outlook for shareholders.
• The company reported earnings per share of $1.79 for the last quarter, exceeding analysts' expectations of $1.66, along with a revenue of $830.62 million, demonstrating growth in profitability.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total value of $807,360.00. Following the completion of the sale, the director directly owned 15,846 shares of the company's stock, valued at $2,132,237.76. The trade was a 27.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FirstCash Price Performance

Shares of NASDAQ:FCFS traded down $1.47 during mid-day trading on Tuesday, reaching $133.28. The stock had a trading volume of 299,753 shares, compared to its average volume of 308,547. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The company has a market cap of $5.91 billion, a P/E ratio of 20.47 and a beta of 0.68. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $138.42. The business's 50 day moving average price is $130.61 and its 200 day moving average price is $123.68.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. Research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.42 per share. This is a positive change from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. FirstCash's payout ratio is currently 23.35%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCFS. LPL Financial LLC grew its stake in FirstCash by 21.3% in the fourth quarter. LPL Financial LLC now owns 24,443 shares of the company's stock worth $2,677,000 after purchasing an additional 4,294 shares in the last quarter. JPMorgan Chase & Co. boosted its position in FirstCash by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after acquiring an additional 108,353 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in FirstCash by 14.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,972 shares of the company's stock valued at $619,000 after acquiring an additional 769 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in FirstCash during the 4th quarter valued at $1,051,000. Finally, Trexquant Investment LP bought a new stake in FirstCash during the 4th quarter valued at $3,361,000. Institutional investors own 80.30% of the company's stock.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.

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