FirstCash Holdings, Inc. (NASDAQ:FCFS) Insider Howard F. Hambleton Sells 3,900 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) insider Howard F. Hambleton sold 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, the insider now owns 32,481 shares of the company’s stock, valued at $4,252,737.33. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

FirstCash Price Performance

Shares of FCFS stock opened at $131.94 on Wednesday. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The firm has a market cap of $5.85 billion, a P/E ratio of 23.03 and a beta of 0.62. The firm has a fifty day moving average of $126.77 and a two-hundred day moving average of $116.69.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. During the same quarter in the prior year, the company posted $1.55 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. FirstCash’s dividend payout ratio is currently 24.32%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCFS. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens reiterated an “overweight” rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company’s stock valued at $27,841,000 after purchasing an additional 108,353 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in FirstCash by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock worth $13,531,000 after acquiring an additional 4,483 shares in the last quarter. Vanguard Group Inc. lifted its position in FirstCash by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock valued at $426,105,000 after acquiring an additional 22,009 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in FirstCash by 45.1% during the fourth quarter. Lazard Asset Management LLC now owns 8,205 shares of the company’s stock worth $850,000 after purchasing an additional 2,552 shares during the last quarter. Finally, Pullen Investment Management LLC boosted its holdings in shares of FirstCash by 76.4% in the 4th quarter. Pullen Investment Management LLC now owns 16,810 shares of the company’s stock valued at $1,742,000 after buying an additional 7,280 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.