Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Major Shareholder Sells 300,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

FirstCash Stock Performance

Shares of FirstCash stock opened at $117.75 on Friday. The firm’s fifty day simple moving average is $108.20 and its 200-day simple moving average is $110.96. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, February 14th. FirstCash’s dividend payout ratio is presently 26.53%.

Institutional Trading of FirstCash

A number of hedge funds have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new position in shares of FirstCash in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp grew its position in FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the last quarter. CWM LLC increased its stake in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the period. Hurley Capital LLC purchased a new position in FirstCash during the 4th quarter worth $74,000. Finally, R Squared Ltd purchased a new position in FirstCash during the 4th quarter worth $92,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FCFS shares. Stephens started coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target for the company. TD Cowen reduced their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

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.