Los Angeles Capital Management LLC Has $2 Million Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Los Angeles Capital Management LLC lessened its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,667 shares of the company’s stock after selling 373 shares during the period. Los Angeles Capital Management LLC’s holdings in FirstCash were worth $1,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors L.P. increased its stake in FirstCash by 22.9% in the 4th quarter. Natixis Advisors L.P. now owns 43,705 shares of the company’s stock valued at $4,737,000 after buying an additional 8,152 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FirstCash in the fourth quarter worth about $848,000. Quadrature Capital Ltd acquired a new stake in shares of FirstCash in the fourth quarter worth about $1,752,000. Stephens Inc. AR lifted its position in shares of FirstCash by 23.6% in the fourth quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock worth $3,050,000 after buying an additional 5,377 shares during the last quarter. Finally, Monument Capital Management acquired a new stake in shares of FirstCash in the fourth quarter worth about $2,135,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

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

FirstCash Trading Down 0.7 %

FCFS stock opened at $106.30 on Friday. The firm has a market cap of $4.83 billion, a P/E ratio of 20.72 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 1-year low of $88.05 and a 1-year high of $133.64. The business’s 50 day moving average is $117.61 and its 200-day moving average is $116.64.

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

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 14th. FirstCash’s payout ratio is currently 27.29%.

Wall Street Analysts Forecast Growth

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

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.