FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,062,478 shares of the company’s stock after acquiring an additional 219,983 shares during the period. Vanguard Group Inc. owned approximately 9.01% of FirstCash worth $440,332,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Earnest Partners LLC lifted its stake in shares of FirstCash by 1.0% in the 3rd quarter. Earnest Partners LLC now owns 2,206,042 shares of the company’s stock valued at $221,442,000 after purchasing an additional 22,067 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FirstCash by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,591 shares of the company’s stock valued at $112,573,000 after purchasing an additional 36,035 shares during the period. Sei Investments Co. lifted its stake in shares of FirstCash by 34.8% in the 4th quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock valued at $62,352,000 after purchasing an additional 148,502 shares during the period. Boston Partners lifted its stake in shares of FirstCash by 3.2% in the 4th quarter. Boston Partners now owns 527,524 shares of the company’s stock valued at $57,690,000 after purchasing an additional 16,498 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FirstCash by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,701 shares of the company’s stock valued at $47,226,000 after purchasing an additional 1,240 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Price Performance

FirstCash stock opened at $106.95 on Thursday. FirstCash Holdings, Inc. has a 52-week low of $88.05 and a 52-week high of $133.64. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.85 and a beta of 0.64. The company has a fifty day simple moving average of $116.16 and a 200-day simple moving average of $116.51. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The business had revenue of $836.40 million during the quarter, compared to analyst estimates of $846.08 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.75 EPS 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

Insider Transactions at FirstCash

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on FCFS. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $140.00 in a research report on Monday, April 29th. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Finally, BTIG Research began coverage on shares of FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, FirstCash has an average rating of “Moderate Buy” and an average target price 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.