FirstCash (NASDAQ:FCFS) Shares Down 4.6% – Here’s Why

FirstCash Holdings, Inc. (NASDAQ:FCFS)’s share price dropped 4.6% during mid-day trading on Thursday . The company traded as low as $105.06 and last traded at $105.06. Approximately 42,904 shares changed hands during trading, a decline of 82% from the average daily volume of 240,484 shares. The stock had previously closed at $110.14.

FirstCash Trading Up 3.2 %

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 firm has a fifty day moving average price of $115.22 and a 200 day moving average price of $114.77. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 20.57 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The company had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. During the same period last year, the firm posted $1.56 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 6.52 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.44%. FirstCash’s dividend payout ratio is currently 29.63%.

Insider Transactions at FirstCash

In related news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,154 shares of company stock valued at $1,912,562. 14.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FirstCash

A number of institutional investors have recently added to or reduced their stakes in FCFS. Hennion & Walsh Asset Management Inc. grew its stake in shares of FirstCash by 48.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,016 shares of the company’s stock worth $385,000 after purchasing an additional 981 shares during the last quarter. First Bank & Trust bought a new stake in shares of FirstCash in the 1st quarter valued at about $224,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of FirstCash in the first quarter valued at about $26,000. State of Michigan Retirement System raised its position in shares of FirstCash by 2.2% during the first quarter. State of Michigan Retirement System now owns 9,115 shares of the company’s stock worth $1,163,000 after acquiring an additional 200 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of FirstCash by 5.9% during the first quarter. Commonwealth Equity Services LLC now owns 5,618 shares of the company’s stock worth $717,000 after acquiring an additional 315 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

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.