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 FirstCash stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FirstCash Stock Performance

Shares of NASDAQ:FCFS traded up $0.96 during midday trading on Tuesday, hitting $107.08. The company’s stock had a trading volume of 164,134 shares, compared to its average volume of 247,362. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The stock’s 50 day simple moving average is $113.74 and its 200 day simple moving average is $113.53. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.56 earnings per share. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio is 28.15%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in FirstCash during the first quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in FirstCash in the second quarter worth $54,000. Whittier Trust Co. increased its stake in shares of FirstCash by 62.2% in the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after buying an additional 176 shares in the last quarter. CWM LLC lifted its position in FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after buying an additional 348 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen reduced their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

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.