FirstCash Holdings, Inc. (NASDAQ:FCFS) Major Shareholder Sells $34,029,000.00 in Stock

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

FirstCash Stock Performance

Shares of FCFS opened at $117.25 on Friday. The business’s fifty day simple moving average is $108.44 and its two-hundred day simple moving average is $111.01. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 20.46 and a beta of 0.67.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. FirstCash’s dividend payout ratio (DPR) is currently 26.53%.

Hedge Funds Weigh In On FirstCash

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in FirstCash by 24.7% in the 4th quarter. AQR Capital Management LLC now owns 190,943 shares of the company’s stock worth $19,730,000 after purchasing an additional 37,879 shares during the period. Northern Trust Corp increased its holdings in shares of FirstCash by 9.4% in the fourth quarter. Northern Trust Corp now owns 585,302 shares of the company’s stock worth $60,637,000 after purchasing an additional 50,183 shares during the last quarter. Gratia Capital LLC grew its position in FirstCash by 34.8% in the fourth quarter. Gratia Capital LLC now owns 58,009 shares of the company’s stock worth $6,010,000 after acquiring an additional 14,967 shares in the last quarter. Quarry LP grew its position in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after acquiring an additional 513 shares in the last quarter. Finally, Earnest Partners LLC grew its position in FirstCash by 2.3% in the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company’s stock worth $242,286,000 after acquiring an additional 52,409 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FCFS. Stephens began coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock. TD Cowen dropped their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

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.