Kapitalo Investimentos Ltda Buys 3,755 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Kapitalo Investimentos Ltda increased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 526.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,468 shares of the company’s stock after buying an additional 3,755 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in FirstCash were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of FirstCash by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after purchasing an additional 219,983 shares during the last quarter. Sei Investments Co. lifted its position in shares of FirstCash by 34.8% during the fourth quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after purchasing an additional 148,502 shares during the last quarter. FMR LLC lifted its position in shares of FirstCash by 2.3% during the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock worth $658,158,000 after purchasing an additional 145,821 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of FirstCash by 182.4% during the third quarter. Envestnet Asset Management Inc. now owns 199,902 shares of the company’s stock worth $20,066,000 after purchasing an additional 129,111 shares during the last quarter. Finally, Axiom Investors LLC DE bought a new stake in shares of FirstCash during the fourth quarter worth $8,347,000. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of FirstCash stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total value of $85,000,005.00. Following the transaction, the director now owns 4,746,023 shares in the company, valued at $559,556,111.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Douglas Richard Rippel sold 720,950 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the sale, the director now owns 4,746,023 shares in the company, valued at $559,556,111.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the transaction, the chief financial officer now directly owns 92,715 shares of the company’s stock, valued at $10,804,078.95. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

FirstCash Stock Performance

Shares of FirstCash stock opened at $109.27 on Wednesday. The firm has a market cap of $4.97 billion, a P/E ratio of 21.30 and a beta of 0.64. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75. FirstCash Holdings, Inc. has a 12 month low of $88.05 and a 12 month high of $133.64. The stock’s fifty day moving average price is $119.02 and its 200-day moving average price is $116.82.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.28%. FirstCash’s dividend payout ratio (DPR) is presently 27.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FCFS shares. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. BTIG Research started coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and raised their price target for the company from $125.00 to $140.00 in a research note on Monday, April 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, FirstCash currently has an average rating of “Moderate Buy” and an average price target of $142.00.

FirstCash 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.