Stephens Inc. AR Acquires 2,447 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stephens Inc. AR grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 8.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 30,519 shares of the company’s stock after purchasing an additional 2,447 shares during the quarter. Stephens Inc. AR’s holdings in FirstCash were worth $3,504,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FCFS. American Century Companies Inc. increased its holdings in shares of FirstCash by 66.0% during the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock worth $46,869,000 after buying an additional 177,698 shares in the last quarter. Acadian Asset Management LLC increased its holdings in FirstCash by 753.4% in the 1st quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after purchasing an additional 142,391 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in FirstCash by 1,216.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock valued at $13,430,000 after purchasing an additional 97,300 shares during the last quarter. Boston Partners boosted its stake in shares of FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after purchasing an additional 94,010 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after purchasing an additional 55,919 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 90,715 shares of the company’s stock, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas Richard Rippel sold 2,864 shares of the business’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 completion of the sale, the director now directly owns 4,743,159 shares of the company’s stock, valued at $569,226,511.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,912,562 in the last 90 days. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Up 2.5 %

Shares of NASDAQ:FCFS opened at $106.08 on Friday. The business has a fifty day simple moving average of $113.98 and a 200 day simple moving average of $113.80. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The firm has a market cap of $4.75 billion, a P/E ratio of 19.64 and a beta of 0.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for 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%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 earnings per share. 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 dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. FirstCash’s dividend payout ratio (DPR) is currently 28.15%.

Analysts Set New Price Targets

Separately, TD Cowen dropped their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

FirstCash Company 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.