Insider Selling: FirstCash (NASDAQ:FCFS) CFO Sells 2,000 Shares of Stock

Key Points

• FirstCash CFO R. Douglas Orr sold 2,000 shares on May 18 at an average price of $227.29, totaling about $454,580. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• After the transaction, Orr directly owned 35,734 shares valued at roughly $8.12 million, a 5.3% decrease in his ownership stake. The article also notes a separate sale of 1,000 shares at $227.32 the same day.
• FirstCash recently reported better-than-expected quarterly results, with EPS of $2.69 versus the $2.30 consensus and revenue of $1.05 billion, up 25.7% year over year. Analysts remain generally positive, with a consensus Buy rating and an average price target of $198.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares of the company's stock, valued at $8,121,980.86. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, May 18th, R Douglas Orr sold 1,000 shares of FirstCash stock. The shares were sold at an average price of $227.32, for a total value of $227,320.00.

FirstCash Stock Performance

Shares of FCFS traded up $0.90 during mid-day trading on Tuesday, hitting $225.86. The company's stock had a trading volume of 276,353 shares, compared to its average volume of 322,858. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The firm has a market capitalization of $9.90 billion, a PE ratio of 28.30 and a beta of 0.52. The stock's 50-day moving average is $204.67 and its two-hundred day moving average is $180.55.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1 billion. During the same period in the prior year, the business earned $2.07 earnings per share. FirstCash's revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash's dividend payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings downgraded FirstCash from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, April 27th. TD Cowen lifted their price target on shares of FirstCash from $205.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Canaccord Genuity Group boosted their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a report on Friday, April 24th. Zacks Research raised shares of FirstCash from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $198.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of FirstCash by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company's stock worth $649,040,000 after purchasing an additional 83,113 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $186,361,000 after purchasing an additional 312,132 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FirstCash by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company's stock worth $166,367,000 after purchasing an additional 31,550 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FirstCash by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company's stock worth $160,850,000 after purchasing an additional 5,626 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of FirstCash by 2.2% during the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company's stock worth $149,273,000 after purchasing an additional 17,177 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.