Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Sells $877,773.68 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Douglas Richard Rippel sold 7,316 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the transaction, the director now owns 4,735,843 shares of the company’s stock, valued at approximately $568,206,443.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 0.3 %

FCFS opened at $118.74 on Friday. The firm has a market cap of $5.40 billion, a P/E ratio of 23.15 and a beta of 0.62. The business’s fifty day simple moving average is $112.18 and its 200 day simple moving average is $116.19. FirstCash Holdings, Inc. has a 52 week low of $88.05 and a 52 week 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:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. The company had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $1.22 EPS. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend yield of 1.28%. This is an increase from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s payout ratio is currently 29.63%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On FirstCash

Several large investors have recently added to or reduced their stakes in the business. Natixis Advisors L.P. increased its stake in shares of FirstCash by 22.9% during the 4th quarter. Natixis Advisors L.P. now owns 43,705 shares of the company’s stock valued at $4,737,000 after acquiring an additional 8,152 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of FirstCash in the 4th quarter valued at $848,000. Quadrature Capital Ltd purchased a new stake in shares of FirstCash during the 4th quarter valued at $1,752,000. SG Capital Management LLC acquired a new stake in shares of FirstCash during the 1st quarter worth $3,348,000. Finally, Sei Investments Co. increased its holdings in shares of FirstCash by 6.3% during the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock worth $77,983,000 after buying an additional 36,181 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other 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.