Insider Selling: FirstCash Holdings, Inc. (NASDAQ:FCFS) Major Shareholder Sells 300,000 Shares of Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

FirstCash Price Performance

Shares of FCFS opened at $117.25 on Friday. The company has a market capitalization of $5.25 billion, a P/E ratio of 20.46 and a beta of 0.67. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $108.68 and a 200 day moving average of $111.06. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

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

FirstCash Announces Dividend

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

Institutional Investors Weigh In On FirstCash

Large investors have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new stake in FirstCash in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp grew its position in FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the period. Quarry LP grew its position in FirstCash by 986.5% in the 4th quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the period. CWM LLC grew its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after acquiring an additional 348 shares during the period. Finally, Hurley Capital LLC bought a new stake in shares of FirstCash during the 4th quarter valued at $74,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FCFS shares. Stephens initiated coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company. TD Cowen reduced their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company 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.