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

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $120.07, for a total value 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 value of $877,773.68.
• On Monday, August 26th, Douglas Richard Rippel sold 2,864 shares of FirstCash stock. The stock was sold at an average price of $120.01, for a total value of $343,708.64.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $115.99 on Friday. The stock’s fifty day simple moving average is $113.09 and its 200 day simple moving average is $116.12. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 22.61 and a beta of 0.62. 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 Holdings, Inc. has a 52-week low of $92.89 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $824.87 million. During the same quarter last year, the business posted $1.22 EPS. FirstCash’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio is 29.63%.

Analysts Set New Price Targets

Separately, BTIG Research initiated coverage on shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.00.

Hedge Funds Weigh In On FirstCash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of FirstCash during the second quarter valued at $836,000. Quarry LP increased its holdings in shares of FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock valued at $115,000 after acquiring an additional 920 shares during the last quarter. Creative Planning grew its holdings in FirstCash by 14.0% during the second quarter. Creative Planning now owns 10,127 shares of the company’s stock valued at $1,062,000 after purchasing an additional 1,242 shares during the last quarter. Algert Global LLC grew its stake in FirstCash by 60.8% in the 2nd quarter. Algert Global LLC now owns 10,220 shares of the company’s stock valued at $1,072,000 after buying an additional 3,863 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of FirstCash in the second quarter valued at about $676,000. 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.