FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,927 shares of the company's stock after purchasing an additional 4,408 shares during the period. Stephens Inc. AR owned 0.08% of FirstCash worth $3,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FCFS. Virtu Financial LLC bought a new stake in shares of FirstCash in the 3rd quarter valued at about $553,000. CWA Asset Management Group LLC bought a new stake in shares of FirstCash in the 3rd quarter valued at about $1,576,000. Advantage Alpha Capital Partners LP bought a new stake in shares of FirstCash in the 3rd quarter valued at about $3,707,000. Natixis Advisors LLC boosted its stake in FirstCash by 174.3% in the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after purchasing an additional 101,130 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in FirstCash by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company's stock worth $18,412,000 after purchasing an additional 39,077 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FCFS. TD Cowen lowered their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Stephens began coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 target price for the company.

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FirstCash Stock Performance

FCFS traded down $0.50 during trading on Friday, reaching $117.25. 286,235 shares of the company's stock were exchanged, compared to its average volume of 233,948. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The stock has a market capitalization of $5.25 billion, a P/E ratio of 20.46 and a beta of 0.67. The company's fifty day simple moving average is $108.44 and its 200-day simple moving average is $111.01.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, research analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. FirstCash's dividend payout ratio is presently 26.53%.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

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.