Douglas Richard Rippel Sells 300,000 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

FirstCash Stock Down 0.4 %

Shares of NASDAQ:FCFS opened at $117.25 on Friday. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The business’s 50 day simple moving average is $108.44 and its two-hundred day simple moving average is $111.01. The firm has a market cap of $5.25 billion, a P/E ratio of 20.46 and a beta of 0.67.

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

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, February 14th. FirstCash’s payout ratio is 26.53%.

Institutional Trading of FirstCash

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rialto Wealth Management LLC purchased a new stake in FirstCash in the fourth quarter worth $31,000. J.Safra Asset Management Corp boosted its stake in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the period. Quarry LP boosted its stake in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after buying an additional 513 shares during the period. CWM LLC boosted its stake in FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the period. Finally, Hurley Capital LLC bought a new stake in FirstCash during the fourth quarter worth about $74,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FCFS has been the subject of several recent research reports. Stephens initiated coverage on FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target for the company. TD Cowen decreased their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

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.