R Douglas Orr Sells 2,000 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

FirstCash Price Performance

Shares of FirstCash stock traded down $3.11 during midday trading on Monday, hitting $108.41. 550,061 shares of the company were exchanged, compared to its average volume of 248,543. The firm has a 50 day simple moving average of $109.56 and a 200-day simple moving average of $116.14. FirstCash Holdings, Inc. has a 52 week low of $88.05 and a 52 week high of $133.64. The firm has a market cap of $4.93 billion, a P/E ratio of 21.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. During the same period last year, the firm posted $1.22 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Research analysts forecast that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. This is a boost from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, August 15th. FirstCash’s dividend payout ratio (DPR) is currently 29.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FCFS shares. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $140.00 in a research report on Monday, April 29th. BTIG Research began coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and an average price target of $142.00.

Institutional Investors Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently bought and sold shares of FCFS. Parkside Financial Bank & Trust increased its stake in shares of FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after buying an additional 164 shares during the period. Arizona State Retirement System increased its stake in shares of FirstCash by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,734 shares of the company’s stock valued at $1,126,000 after buying an additional 197 shares during the period. Hodges Capital Management Inc. increased its stake in shares of FirstCash by 0.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 30,804 shares of the company’s stock valued at $3,231,000 after buying an additional 229 shares during the period. Fiera Capital Corp acquired a new stake in shares of FirstCash in the 2nd quarter valued at $529,000. Finally, Rhumbline Advisers increased its stake in shares of FirstCash by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 118,908 shares of the company’s stock valued at $12,471,000 after buying an additional 718 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

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.