Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Sells $343,708.64 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel sold 2,864 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the sale, the director now owns 4,743,159 shares of the company’s stock, valued at approximately $569,226,511.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FirstCash Stock Up 2.3 %

NASDAQ:FCFS opened at $120.09 on Friday. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 23.41 and a beta of 0.62. The stock has a 50-day moving average price of $110.86 and a two-hundred day moving average price of $116.18.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.27%. This is a boost from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. FirstCash’s payout ratio is presently 29.63%.

Analyst Ratings Changes

Separately, BTIG Research initiated coverage on FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of FirstCash by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after purchasing an additional 219,983 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of FirstCash by 2.4% in the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after purchasing an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after purchasing an additional 15,780 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of FirstCash by 6.3% in the first quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after purchasing an additional 52,362 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after purchasing an additional 19,868 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

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.