FirstCash (NASDAQ:FCFS) Insider Howard Hambleton Sells 3,000 Shares

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard Hambleton sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the sale, the insider directly owned 32,406 shares of the company’s stock, valued at $7,337,042.46. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FirstCash Trading Up 0.4%

FCFS stock traded up $0.90 during mid-day trading on Tuesday, reaching $225.86. 276,353 shares of the stock traded hands, compared to its average volume of 322,858. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $235.97. The company has a market cap of $9.90 billion, a P/E ratio of 28.30 and a beta of 0.52. The stock’s fifty day moving average is $204.67 and its 200-day moving average is $180.55.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The business’s quarterly revenue was up 25.7% on a year-over-year basis. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash’s payout ratio is currently 21.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock worth $2,761,000 after acquiring an additional 1,021 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after acquiring an additional 34,364 shares in the last quarter. Jane Street Group LLC raised its stake in FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after acquiring an additional 43,653 shares in the last quarter. American Century Companies Inc. raised its stake in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after acquiring an additional 666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after acquiring an additional 8,402 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FCFS has been the subject of several analyst reports. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group lifted their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Cowen lifted their price objective on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FirstCash has an average rating of “Buy” and an average 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.