Charles Schwab Investment Management Inc. Acquires 37,810 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Charles Schwab Investment Management Inc. raised its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 498,260 shares of the company's stock after purchasing an additional 37,810 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.11% of FirstCash worth $57,200,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FCFS. Envestnet Portfolio Solutions Inc. lifted its stake in shares of FirstCash by 4.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock worth $228,000 after acquiring an additional 95 shares during the period. Thrivent Financial for Lutherans lifted its position in FirstCash by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock valued at $1,050,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its holdings in 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 in the last quarter. Fifth Third Bancorp boosted its holdings in FirstCash by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock valued at $1,809,000 after purchasing an additional 168 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in FirstCash by 8.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company's stock worth $252,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of analyst reports. Stephens assumed coverage on FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price target on the stock. TD Cowen decreased their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th.

FirstCash Price Performance

FCFS traded up $0.19 during trading on Friday, reaching $108.86. 132,908 shares of the stock were exchanged, compared to its average volume of 248,369. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 20.16 and a beta of 0.64. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The business's 50 day moving average price is $109.79 and its two-hundred day moving average price is $111.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued 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 company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same period last year, the business posted $1.56 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash's dividend payout ratio is presently 28.15%.

Insider Activity at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business'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. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,974 shares of company stock worth $688,080. 14.77% of the stock is owned by corporate insiders.

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.