Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO Sells 2,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FirstCash Trading Up 0.1 %

FCFS traded up $0.13 during trading on Tuesday, hitting $113.77. 75,126 shares of the stock were exchanged, compared to its average volume of 221,472. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 19.95 and a beta of 0.67. The firm has a 50 day simple moving average of $107.85 and a 200 day simple moving average of $110.90. 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 (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, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

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FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued 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 1.34%. FirstCash's dividend payout ratio is currently 26.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FCFS. FMR LLC boosted its position in FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company's stock valued at $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of FirstCash in the 3rd quarter valued at about $50,192,000. Raymond James Financial Inc. purchased a new position in shares of FirstCash in the 4th quarter worth approximately $18,169,000. Erste Asset Management GmbH bought a new position in shares of FirstCash during the 3rd quarter worth approximately $18,368,000. Finally, Natixis Advisors LLC lifted its position in FirstCash by 174.3% during the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock valued at $18,269,000 after acquiring an additional 101,130 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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