FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,502 shares of the company’s stock after acquiring an additional 1,016 shares during the quarter. HighTower Advisors LLC’s holdings in FirstCash were worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FCFS. FMR LLC lifted its stake in shares of FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. State Street Corp raised its holdings in shares of FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after buying an additional 28,415 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock worth $53,866,000 after acquiring an additional 21,685 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in FirstCash by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock worth $40,164,000 after acquiring an additional 30,948 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Down 0.0 %

Shares of FirstCash stock opened at $120.15 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The business has a 50-day moving average of $114.43 and a 200-day moving average of $110.93. The company has a market capitalization of $5.38 billion, a PE ratio of 20.97 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.27%. FirstCash’s dividend payout ratio is presently 26.53%.

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

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.