Insider Selling: FirstCash (NASDAQ:FCFS) CFO Sells 3,000 Shares of Stock

Key Points

• FirstCash CFO R. Douglas Orr sold 3,000 shares of stock worth approximately $445,230, lowering his total ownership by 2.98% to 97,567 shares valued at nearly $14.48 million.
• The company recently announced a quarterly dividend increase to $0.42 per share, marking an annualized amount of $1.68 and a yield of 1.1%.
• FirstCash's stock currently holds a market cap of $6.64 billion and has seen analysts issue a consensus rating of "Buy" with a price target averaging around $142.33.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 3,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total transaction of $445,230.00. Following the transaction, the chief financial officer owned 97,567 shares in the company, valued at approximately $14,479,918.47. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 2nd, R Douglas Orr sold 2,500 shares of FirstCash stock. The shares were sold at an average price of $146.40, for a total transaction of $366,000.00.

FirstCash Stock Up 0.2%

NASDAQ:FCFS traded up $0.26 during mid-day trading on Wednesday, reaching $149.74. The stock had a trading volume of 249,511 shares, compared to its average volume of 306,585. The business's 50 day moving average is $135.82 and its 200 day moving average is $127.69. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $150.08. The stock has a market cap of $6.64 billion, a P/E ratio of 23.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The firm had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. The firm's revenue was up .0% on a year-over-year basis. As a group, sell-side analysts predict 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. Investors of record on Friday, August 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research note on Tuesday, August 5th. Cowen reaffirmed a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, FirstCash presently has a consensus rating of "Buy" and a consensus price target of $142.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FCFS. Caitong International Asset Management Co. Ltd acquired a new stake in shares of FirstCash during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC boosted its position in shares of FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. IFP Advisors Inc boosted its position in shares of FirstCash by 181.6% during the 2nd quarter. IFP Advisors Inc now owns 290 shares of the company's stock valued at $39,000 after acquiring an additional 187 shares in the last quarter. CX Institutional acquired a new stake in shares of FirstCash during the 1st quarter valued at about $42,000. Finally, Bayforest Capital Ltd boosted its position in FirstCash by 169.9% in the second quarter. Bayforest Capital Ltd now owns 448 shares of the company's stock valued at $61,000 after buying an additional 282 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

About FirstCash

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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