FirstCash Inc (FCFS) CFO R Douglas Orr Sells 5,000 Shares

FirstCash Inc (NYSE:FCFS) CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $73.43, for a total transaction of $367,150.00. Following the completion of the sale, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of FirstCash Inc (NYSE:FCFS) opened at $73.55 on Friday. The firm has a market cap of $3,340.82, a PE ratio of 25.75, a P/E/G ratio of 1.06 and a beta of 0.80. FirstCash Inc has a 12 month low of $42.70 and a 12 month high of $75.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99.

FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. FirstCash’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. analysts expect that FirstCash Inc will post 3.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.22 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.88 annualized dividend and a yield of 1.20%. FirstCash’s dividend payout ratio is 26.58%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCFS. LS Investment Advisors LLC acquired a new stake in FirstCash during the fourth quarter worth about $114,000. Zions Bancorporation bought a new position in FirstCash in the 3rd quarter worth about $230,000. Arrowstreet Capital Limited Partnership bought a new position in FirstCash in the 4th quarter worth about $354,000. Meeder Asset Management Inc. grew its position in FirstCash by 2,404.3% in the 4th quarter. Meeder Asset Management Inc. now owns 5,785 shares of the credit services provider’s stock worth $389,000 after purchasing an additional 5,554 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in FirstCash in the 4th quarter worth about $540,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, February 1st. Wedbush restated an “outperform” rating and issued a $83.00 target price (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Finally, ValuEngine lowered shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. FirstCash presently has an average rating of “Buy” and an average target price of $71.83.

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FirstCash Company Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

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