Crossmark Global Holdings Inc. Acquires 514 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Crossmark Global Holdings Inc. raised its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 21.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,967 shares of the company’s stock after acquiring an additional 514 shares during the period. Crossmark Global Holdings Inc.’s holdings in FirstCash were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FCFS. CWA Asset Management Group LLC purchased a new position in shares of FirstCash during the third quarter valued at approximately $1,576,000. Lifestyle Asset Management Inc. purchased a new stake in FirstCash during the 3rd quarter valued at $281,000. Stephens Inc. AR raised its stake in FirstCash by 8.7% during the 3rd quarter. Stephens Inc. AR now owns 30,519 shares of the company’s stock valued at $3,504,000 after buying an additional 2,447 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of FirstCash by 6.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 8,519 shares of the company’s stock worth $977,000 after buying an additional 520 shares during the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of FirstCash by 15.0% in the 3rd quarter. Pullen Investment Management LLC now owns 9,530 shares of the company’s stock worth $1,094,000 after buying an additional 1,246 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on FCFS shares. Stephens started coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company. TD Cowen reduced their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. The trade was a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock valued at $1,909,562 over the last three months. Corporate insiders own 14.77% of the company’s stock.

FirstCash Trading Down 1.2 %

Shares of FCFS stock opened at $105.77 on Monday. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The firm has a fifty day moving average price of $111.90 and a 200-day moving average price of $112.64. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

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

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given 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 dividend yield of 1.44%. 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.