R Douglas Orr Sells 3,000 Shares of FirstCash (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $158.17, for a total value of $474,510.00. Following the sale, the chief financial officer owned 90,567 shares in the company, valued at approximately $14,324,982.39. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

R Douglas Orr also recently made the following trade(s):

• On Monday, November 17th, R Douglas Orr sold 2,500 shares of FirstCash stock. The stock was sold at an average price of $158.45, for a total transaction of $396,125.00.
• On Wednesday, October 15th, R Douglas Orr sold 2,852 shares of FirstCash stock. The shares were sold at an average price of $159.72, for a total value of $455,521.44.
• On Wednesday, October 15th, R Douglas Orr sold 4,000 shares of FirstCash stock. The shares were sold at an average price of $159.64, for a total value of $638,560.00.
• On Tuesday, October 14th, R Douglas Orr sold 648 shares of FirstCash stock. The stock was sold at an average price of $159.00, for a total transaction of $103,032.00.
• On Tuesday, September 2nd, R Douglas Orr sold 2,500 shares of FirstCash stock. The shares were sold at an average price of $146.40, for a total transaction of $366,000.00.
• On Tuesday, September 2nd, R Douglas Orr sold 3,000 shares of FirstCash stock. The stock was sold at an average price of $148.41, for a total transaction of $445,230.00.

FirstCash Stock Up 0.7%

Shares of NASDAQ:FCFS traded up $1.02 during trading hours on Wednesday, hitting $156.59. The company’s stock had a trading volume of 212,520 shares, compared to its average volume of 303,661. The firm’s fifty day moving average price is $154.22 and its 200 day moving average price is $141.01. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $166.08. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 24.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.35. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $904.27 million for the quarter, compared to the consensus estimate of $845.28 million. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. FirstCash’s dividend payout ratio is presently 24.24%.

FirstCash declared that its board has initiated a stock repurchase plan on Thursday, October 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FCFS has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Loop Capital cut shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Friday, September 5th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Canaccord Genuity Group upped their price target on shares of FirstCash from $200.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstCash has an average rating of “Buy” and a consensus price target of $167.00.

Institutional Investors Weigh In On FirstCash

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCFS. Sequoia Financial Advisors LLC purchased a new stake in shares of FirstCash during the 2nd quarter valued at $336,000. FORA Capital LLC acquired a new position in FirstCash in the first quarter valued at $283,000. Dynamic Technology Lab Private Ltd purchased a new stake in FirstCash during the first quarter valued at about $334,000. Russell Investments Group Ltd. increased its stake in FirstCash by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 32,687 shares of the company’s stock worth $3,933,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Drive Wealth Management LLC purchased a new position in shares of FirstCash in the 2nd quarter worth about $230,000. 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.