Dimensional Fund Advisors LP Purchases 15,780 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Dimensional Fund Advisors LP lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,057,049 shares of the company’s stock after purchasing an additional 15,780 shares during the quarter. Dimensional Fund Advisors LP owned about 2.32% of FirstCash worth $110,867,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in FirstCash in the first quarter valued at $26,000. Whittier Trust Co. increased its stake in FirstCash by 62.2% in the first quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after acquiring an additional 176 shares during the last quarter. EntryPoint Capital LLC increased its stake in FirstCash by 134.3% in the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock valued at $107,000 after acquiring an additional 482 shares during the last quarter. Johnson Financial Group Inc. bought a new position in FirstCash in the fourth quarter valued at $108,000. Finally, Lazard Asset Management LLC increased its stake in FirstCash by 220.3% in the first quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock valued at $124,000 after acquiring an additional 672 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Up 0.6 %

Shares of NASDAQ:FCFS opened at $118.02 on Tuesday. The stock’s 50-day moving average price is $115.10 and its 200-day moving average price is $116.27. FirstCash Holdings, Inc. has a 12-month low of $95.00 and a 12-month high of $133.64. The stock has a market capitalization of $5.37 billion, a P/E ratio of 23.01 and a beta of 0.62. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. During the same period last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.38 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio is currently 29.63%.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,154 shares of company stock worth $1,912,562. Company insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on FirstCash in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.00.

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.