FirstCash (NASDAQ:FCFS) CFO Sells $638,560.00 in Stock

Key Points

• CFO R Douglas Orr sold 4,000 shares of FirstCash stock for a total of $638,560, reducing his ownership by 4.10%.
• FirstCash recently increased its quarterly dividend to $0.42, up from $0.38, reflecting a dividend yield of 1.0%.
• The company's stock is currently rated as a "Buy" by several analysts, with a consensus price target of $154.40.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 4,000 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total transaction of $638,560.00. Following the sale, the chief financial officer owned 93,567 shares of the company's stock, valued at approximately $14,937,035.88. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, October 15th, R Douglas Orr sold 2,852 shares of FirstCash stock. The shares were sold at an average price of $159.72, for a total transaction of $455,521.44.
• On Tuesday, October 14th, R Douglas Orr sold 648 shares of FirstCash stock. The shares were sold at an average price of $159.00, for a total transaction of $103,032.00.
• On Tuesday, September 2nd, R Douglas Orr sold 2,500 shares of FirstCash stock. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00.
• On Tuesday, September 2nd, R Douglas Orr sold 3,000 shares of FirstCash stock. The stock was sold at an average price of $148.41, for a total transaction of $445,230.00.

FirstCash Stock Performance

Shares of NASDAQ:FCFS traded up $1.28 during trading on Wednesday, hitting $160.21. The company's stock had a trading volume of 244,460 shares, compared to its average volume of 305,730. The company has a 50-day moving average of $146.96 and a 200-day moving average of $134.99. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $160.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 24.61 and a beta of 0.69.

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

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.42 dividend. This is a boost from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. FirstCash's dividend payout ratio (DPR) is currently 25.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of FirstCash in a research note on Wednesday, October 8th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of FirstCash from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Zacks Research raised shares of FirstCash from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, Cowen reissued a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $154.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FCFS. Nisa Investment Advisors LLC boosted its stake in FirstCash by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 16,937 shares of the company's stock worth $2,289,000 after buying an additional 83 shares during the period. CX Institutional boosted its stake in FirstCash by 24.7% during the second quarter. CX Institutional now owns 434 shares of the company's stock worth $59,000 after buying an additional 86 shares during the period. Xponance Inc. boosted its stake in FirstCash by 1.6% during the first quarter. Xponance Inc. now owns 5,552 shares of the company's stock worth $668,000 after buying an additional 87 shares during the period. Sendero Wealth Management LLC boosted its stake in FirstCash by 1.2% during the second quarter. Sendero Wealth Management LLC now owns 7,580 shares of the company's stock worth $1,024,000 after buying an additional 88 shares during the period. Finally, MBM Wealth Consultants LLC boosted its stake in FirstCash by 1.6% during the first quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock worth $693,000 after buying an additional 90 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.