Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Major Shareholder Sells 300,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

FirstCash Stock Down 0.4 %

NASDAQ:FCFS traded down $0.50 during trading hours on Monday, hitting $117.25. 286,235 shares of the company's stock traded hands, compared to its average volume of 220,662. The stock's fifty day moving average price is $108.90 and its two-hundred day moving average price is $111.09. The firm has a market cap of $5.25 billion, a P/E ratio of 20.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

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FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. FirstCash's payout ratio is 26.53%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen cut their price objective on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an "overweight" rating and a $137.00 price target on the stock.

Hedge Funds Weigh In On FirstCash

A number of hedge funds have recently added to or reduced their stakes in FCFS. Rialto Wealth Management LLC acquired a new stake in FirstCash in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp raised its position in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the period. Quarry LP lifted its stake in shares of FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after buying an additional 513 shares during the last quarter. CWM LLC boosted its holdings in shares of 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 during the period. Finally, Hurley Capital LLC acquired a new position in FirstCash in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 80.30% of the company's stock.

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.