FirstCash (NASDAQ:FCFS) CFO R Douglas Orr Sells 2,000 Shares of Stock

Key Points

• FirstCash CFO R. Douglas Orr sold 2,000 shares at an average price of $216, generating $432,000; the transaction occurred under a pre-arranged Rule 10b5-1 plan. He retained 34,734 shares valued at approximately $7.5 million.
• FirstCash reported strong quarterly results, with EPS of $2.50 beating estimates and revenue rising 29.4% year over year to $1.07 billion. The company also announced a quarterly dividend of $0.42 per share.
• Analysts maintain a generally positive outlook, with four Buy ratings and one Hold rating and an average price target of $249, compared with the stock’s recent price of $212.74.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the completion of the transaction, the chief financial officer directly owned 34,734 shares in the company, valued at $7,502,544. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

R Douglas Orr also recently made the following trade(s):

• On Monday, August 17th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $215.98, for a total transaction of $215,980.00.

FirstCash Price Performance

NASDAQ FCFS traded down $3.50 on Tuesday, reaching $212.74. The company had a trading volume of 236,745 shares, compared to its average volume of 373,423. 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 stock has a market capitalization of $9.23 billion, a PE ratio of 24.29 and a beta of 0.53. The firm's 50 day moving average price is $214.64 and its 200 day moving average price is $205.91. FirstCash Holdings, Inc. has a 12 month low of $137.31 and a 12 month high of $235.97.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business's revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. FirstCash's payout ratio is currently 19.18%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen raised their price target on FirstCash from $235.00 to $240.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Loop Capital raised FirstCash from a "hold" rating to a "buy" rating and set a $255.00 price objective on the stock in a report on Monday, August 10th. Canaccord Genuity Group increased their target price on FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Zacks Research lowered shares of FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded shares of FirstCash from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $249.00.

Institutional Investors Weigh In On FirstCash

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in FirstCash during the second quarter valued at approximately $1,088,429,000. Price T Rowe Associates Inc. MD raised its holdings in FirstCash by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company's stock valued at $186,361,000 after buying an additional 312,132 shares during the period. Bank of America Corp DE purchased a new stake in FirstCash during the 2nd quarter valued at $248,059,000. Geode Capital Management LLC lifted its position in FirstCash by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company's stock worth $166,367,000 after buying an additional 31,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in FirstCash by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company's stock worth $160,850,000 after buying an additional 5,626 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

About FirstCash

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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