R Douglas Orr Sells 648 Shares of FirstCash (NASDAQ:FCFS) Stock

Key Points

• R Douglas Orr, CFO of FirstCash Holdings, recently sold 648 shares of stock at an average price of $159.00, totaling over $103,000, which decreased his holdings by 1.36%.
• FirstCash's stock is currently trading at around $160.21, with a market cap of $7.11 billion, and has shown positive earnings growth with $1.79 EPS reported for the last quarter.
• The company recently announced an increase in its quarterly dividend from $0.38 to $0.42, reflecting a yield of 1.0% and a payout ratio of 25.81%.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 648 shares of the company's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $159.00, for a total transaction of $103,032.00. Following the completion of the sale, the chief financial officer owned 46,962 shares of the company's stock, valued at approximately $7,466,958. This trade represents a 1.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $159.72, for a total value of $455,521.44.
• On Wednesday, October 15th, R Douglas Orr sold 4,000 shares of FirstCash stock. The stock was sold at an average price of $159.64, for a total transaction of $638,560.00.
• 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 value 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 Price Performance

FCFS stock traded up $1.28 during trading on Wednesday, hitting $160.21. The company had a trading volume of 244,460 shares, compared to its average volume of 305,730. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $146.96 and a two-hundred day moving average price of $134.99. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $160.99. The company has a market cap of $7.11 billion, a P/E ratio of 24.61 and a beta of 0.69.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $820.42 million. During the same period in the previous year, the business earned $1.37 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.0%. 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 currently 25.81%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FCFS. Loop Capital cut shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Friday, September 5th. Wall Street Zen raised shares of FirstCash from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Cowen reissued a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Zacks Research raised FirstCash from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, Jefferies Financial Group upgraded shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FirstCash presently has a consensus rating of "Buy" and a consensus price target of $154.40.

Hedge Funds Weigh In On FirstCash

Several institutional investors and hedge funds have recently modified their holdings of FCFS. Caitong International Asset Management Co. Ltd acquired a new position in shares of FirstCash in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC lifted its position in shares of FirstCash by 808.0% in the first 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 raised its stake in FirstCash by 181.6% in the 2nd quarter. IFP Advisors Inc now owns 290 shares of the company's stock valued at $39,000 after purchasing an additional 187 shares during the last quarter. CX Institutional acquired a new stake in FirstCash during the 1st quarter worth $42,000. Finally, Bayforest Capital Ltd raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

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.

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