FirstCash (NASDAQ:FCFS) Stock Price Down 4.6% - Should You Sell?

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) fell 4.6% on Thursday . The company traded as low as $105.06 and last traded at $105.06. 42,904 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 240,484 shares. The stock had previously closed at $110.14.

FirstCash Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 20.27 and a beta of 0.62. The business has a fifty day moving average price of $115.83 and a 200 day moving average price of $115.00.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now owns 4,731,869 shares of the company's stock, valued at approximately $567,540,367.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,154 shares of company stock worth $1,912,562. Insiders own 14.77% of the company's stock.

Hedge Funds Weigh In On FirstCash

A number of hedge funds have recently added to or reduced their stakes in FCFS. Allspring Global Investments Holdings LLC purchased a new position in shares of FirstCash during the first quarter valued at approximately $26,000. Whittier Trust Co. grew its position in FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company's stock worth $59,000 after purchasing an additional 176 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash during the 2nd quarter worth approximately $54,000. CWM LLC boosted its stake in shares of FirstCash by 157.5% in 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 last quarter. Finally, EntryPoint Capital LLC increased its position in shares of FirstCash by 134.3% during the first quarter. EntryPoint Capital LLC now owns 841 shares of the company's stock valued at $107,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

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.