Barclays PLC Increases Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Barclays PLC lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 163.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,807 shares of the company's stock after acquiring an additional 50,799 shares during the period. Barclays PLC owned 0.18% of FirstCash worth $9,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FCFS. SG Americas Securities LLC lifted its position in FirstCash by 160.6% in the 2nd quarter. SG Americas Securities LLC now owns 5,014 shares of the company's stock valued at $526,000 after acquiring an additional 3,090 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in FirstCash by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock worth $228,000 after buying an additional 95 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in FirstCash by 26.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,807 shares of the company's stock valued at $399,000 after buying an additional 791 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in FirstCash by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock valued at $1,809,000 after acquiring an additional 168 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company's stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 14.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FCFS shares. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an "overweight" rating and a $137.00 target price on the stock. TD Cowen dropped their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 28th.

FirstCash Price Performance

NASDAQ FCFS traded down $4.31 on Wednesday, hitting $100.54. The stock had a trading volume of 275,209 shares, compared to its average volume of 246,969. The firm has a 50-day moving average of $108.02 and a 200-day moving average of $110.92. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 18.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data 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. 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%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.56 earnings per share. Equities analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.51%. FirstCash's payout ratio is 28.15%.

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.