Insider Selling: FirstCash (NASDAQ:FCFS) COO Sells $1,147,841.24 in Stock

Key Points

• FirstCash COO Thomas Brent Stuart sold 5,348 shares for approximately $1.15 million at an average price of $214.63, reducing his stake by 3.8% to 135,498 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• FirstCash reported stronger-than-expected quarterly results, with EPS of $2.50 versus the $2.39 consensus and revenue of $1.07 billion, up 29.4% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $249, while the company declared a quarterly dividend of $0.42 per share, yielding about 0.8%.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) COO Thomas Brent Stuart sold 5,348 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the transaction, the chief operating officer owned 135,498 shares in the company, valued at $29,081,935.74. This represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Stock Performance

NASDAQ FCFS traded down $3.50 on Tuesday, reaching $212.74. The stock had a trading volume of 236,745 shares, compared to its average volume of 373,423. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. FirstCash Holdings, Inc. has a 12-month low of $137.31 and a 12-month high of $235.97. The business's 50-day moving average price is $214.64 and its 200 day moving average price is $205.91. The stock has a market cap of $9.23 billion, a P/E ratio of 24.29 and a beta of 0.53.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $1.34 earnings per share. The company's revenue for the quarter was up 29.4% compared to the same quarter last year. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash's dividend payout ratio (DPR) is presently 19.18%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FCFS shares. Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Weiss Ratings raised FirstCash from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, August 7th. Zacks Research cut FirstCash from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Loop Capital upgraded FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price on the stock in a research note on Monday, August 10th. Finally, Canaccord Genuity Group boosted their target price on FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, FirstCash has an average rating of "Moderate Buy" and an average price target of $249.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new stake in shares of FirstCash in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. purchased a new position in FirstCash in the first quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in FirstCash in the second quarter worth $34,000. Assetmark Inc. lifted its holdings in FirstCash by 113.2% in the first quarter. Assetmark Inc. now owns 194 shares of the company's stock valued at $36,000 after acquiring an additional 103 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock valued at $31,000 after acquiring an additional 162 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

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.

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