FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Sells $404,677.56 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFSGet Free Report) Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Douglas Richard Rippel also recently made the following trade(s):

  • On Friday, September 6th, Douglas Richard Rippel sold 600 shares of FirstCash stock. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00.
  • On Friday, August 30th, Douglas Richard Rippel sold 7,316 shares of FirstCash stock. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68.
  • On Monday, August 26th, Douglas Richard Rippel sold 2,864 shares of FirstCash stock. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64.

FirstCash Stock Down 3.4 %

Shares of FCFS traded down $3.99 during mid-day trading on Tuesday, hitting $113.52. 172,280 shares of the company traded hands, compared to its average volume of 246,792. The business has a 50 day moving average of $112.45 and a 200 day moving average of $116.16. The company has a market capitalization of $5.16 billion, a PE ratio of 22.91 and a beta of 0.62. FirstCash Holdings, Inc. has a 1-year low of $88.79 and a 1-year high of $133.64. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFSGet Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. FirstCash’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.34%. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is currently 29.63%.

Institutional Investors Weigh In On FirstCash

A number of large investors have recently bought and sold shares of the company. Truist Financial Corp boosted its position in FirstCash by 21.2% in the 4th quarter. Truist Financial Corp now owns 6,746 shares of the company’s stock worth $731,000 after purchasing an additional 1,182 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in FirstCash by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,701 shares of the company’s stock worth $47,226,000 after purchasing an additional 1,240 shares in the last quarter. Principal Securities Inc. purchased a new stake in FirstCash in the 4th quarter worth approximately $51,000. AGF Management Ltd. purchased a new stake in FirstCash in the 4th quarter worth approximately $2,769,000. Finally, Jump Financial LLC purchased a new stake in FirstCash in the 4th quarter worth approximately $716,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on shares of FirstCash in a report on Friday, June 7th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.00.

Check Out Our Latest Stock Analysis on FCFS

About FirstCash

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for FirstCash (NASDAQ:FCFS)

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