FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Free Report) SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Raul Ramos also recently made the following trade(s):
- On Thursday, May 28th, Raul Ramos sold 3,165 shares of FirstCash stock. The stock was sold at an average price of $231.13, for a total transaction of $731,526.45.
FirstCash Stock Up 2.5%
Shares of NASDAQ FCFS opened at $229.35 on Wednesday. FirstCash Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $235.97. The firm has a fifty day moving average of $214.95 and a 200-day moving average of $187.92. The stock has a market capitalization of $10.05 billion, a PE ratio of 28.74 and a beta of 0.52. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98.
FirstCash Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. FirstCash’s payout ratio is currently 21.05%.
Hedge Funds Weigh In On FirstCash
A number of institutional investors have recently added to or reduced their stakes in the company. Villanova Investment Management Co LLC lifted its holdings in FirstCash by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after buying an additional 54 shares in the last quarter. Root Financial Partners LLC lifted its holdings in FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after buying an additional 56 shares in the last quarter. State of Wyoming lifted its holdings in FirstCash by 4.3% in the 3rd quarter. State of Wyoming now owns 1,765 shares of the company’s stock worth $280,000 after buying an additional 73 shares in the last quarter. Profund Advisors LLC lifted its holdings in FirstCash by 4.9% in the 3rd quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock worth $259,000 after buying an additional 76 shares in the last quarter. Finally, Ascent Group LLC lifted its holdings in FirstCash by 6.0% in the 4th quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FCFS. TD Cowen boosted their price objective on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Canaccord Genuity Group lifted their target price on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $198.00.
Check Out Our Latest Stock Report on FirstCash
About FirstCash
FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.
In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.
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