FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,497 shares of the company’s stock after selling 150 shares during the period. Los Angeles Capital Management LLC’s holdings in FirstCash were worth $1,549,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in FirstCash by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock valued at $228,000 after acquiring an additional 95 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of FirstCash by 5.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock valued at $298,000 after purchasing an additional 125 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after purchasing an additional 164 shares during the period. Fifth Third Bancorp boosted its holdings in FirstCash by 1.0% during the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after buying an additional 168 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in FirstCash by 8.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock valued at $252,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 2,864 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $120.01, for a total value of $343,708.64. Following the transaction, the director now directly owns 4,743,159 shares of the company’s stock, valued at approximately $569,226,511.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the sale, the director now owns 4,743,159 shares of the company’s stock, valued at approximately $569,226,511.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock valued at $1,909,562 in the last 90 days. 14.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FCFS shares. TD Cowen lowered their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens assumed coverage on FirstCash in a research report on Wednesday. They set an “overweight” rating and a $137.00 price target on the stock.

FirstCash Stock Up 1.7 %

Shares of NASDAQ FCFS opened at $109.75 on Thursday. FirstCash Holdings, Inc. has a 52-week low of $101.62 and a 52-week high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The company’s 50-day simple moving average is $112.60 and its 200-day simple moving average is $112.79. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 20.50 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. The company had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. FirstCash’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 EPS. Equities analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.38%. FirstCash’s payout ratio is currently 28.15%.

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.