FirstCash (NASDAQ:FCFS) SVP Sells $1,539,447.05 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Raul Ramos also recently made the following trade(s):

• On Thursday, May 28th, Raul Ramos sold 3,165 shares of FirstCash stock. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45.

FirstCash Stock Performance

Shares of FirstCash stock opened at $211.73 on Thursday. The company has a 50 day moving average of $215.35 and a 200-day moving average of $188.36. FirstCash Holdings, Inc. has a 1-year low of $119.21 and a 1-year high of $235.97. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The company has a market cap of $9.28 billion, a PE ratio of 26.53 and a beta of 0.52.

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

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is presently 21.05%.

Institutional Trading of FirstCash

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of FirstCash by 96.0% in the third quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company’s stock worth $38,091,000 after purchasing an additional 117,788 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of FirstCash by 70,840.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock worth $7,010,000 after buying an additional 43,921 shares during the period. Vanguard Group Inc. increased its position in shares of FirstCash by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after buying an additional 83,113 shares during the period. Oak Ridge Investments LLC acquired a new stake in shares of FirstCash during the fourth quarter worth $1,857,000. Finally, Victory Capital Management Inc. increased its position in shares of FirstCash by 76.3% during the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after buying an additional 231,379 shares during the period. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. 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 increased 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. TD Cowen raised their price target 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, Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently 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.