FirstCash (NASDAQ:FCFS) SVP Raul Ramos Sells 3,165 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 3,165 shares of FirstCash stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45. Following the transaction, the senior vice president directly owned 27,235 shares of the company’s stock, valued at $6,294,825.55. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FirstCash Trading Down 2.8%

Shares of FCFS opened at $213.76 on Tuesday. The company has a 50-day moving average of $211.45 and a 200 day moving average of $185.21. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. FirstCash Holdings, Inc. has a 1-year low of $119.21 and a 1-year high of $235.97. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 26.79 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, research analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio is currently 21.05%.

Institutional Investors Weigh In On FirstCash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash in the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. purchased a new stake in FirstCash in the 1st quarter worth approximately $29,000. Rothschild Investment LLC grew its stake in shares of FirstCash by 127.8% during the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after purchasing an additional 101 shares during the period. Assetmark Inc. grew its stake in shares of FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. TD Cowen boosted their price objective 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 increased their target price on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two equities research 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 company currently has a consensus rating of “Buy” and a consensus target price of $198.00.

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.