FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,575 shares of the company’s stock after selling 18,900 shares during the period. Hodges Capital Management Inc. owned about 0.07% of FirstCash worth $3,899,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FCFS. Headinvest LLC acquired a new position in shares of FirstCash during the third quarter worth $50,000. Principal Securities Inc. acquired a new stake in FirstCash in the fourth quarter valued at $51,000. GAMMA Investing LLC bought a new position in FirstCash during the 4th quarter valued at $69,000. Parkside Financial Bank & Trust boosted its stake in FirstCash by 20.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 841 shares of the company’s stock valued at $91,000 after acquiring an additional 140 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in FirstCash during the 4th quarter valued at $108,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FirstCash Trading Down 0.9 %

FirstCash stock opened at $104.88 on Friday. The firm’s 50-day moving average is $115.19 and its 200-day moving average is $116.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The company has a market cap of $4.77 billion, a P/E ratio of 20.44 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly 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 company had revenue of $836.40 million for the quarter, compared to the consensus estimate of $846.08 million. During the same period last year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.35 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. FirstCash’s payout ratio is currently 27.29%.

Insider Transactions at FirstCash

In related news, Director Douglas Richard Rippel sold 720,950 shares of the 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 sale, the director now owns 4,746,023 shares of the company’s stock, valued at approximately $559,556,111.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Douglas Richard Rippel sold 720,950 shares of the 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 sale, the director now owns 4,746,023 shares of the company’s stock, valued at approximately $559,556,111.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The stock was 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 in the company, 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.

About FirstCash

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.