Vanguard Group Inc. Increases Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Vanguard Group Inc. lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,112,978 shares of the company's stock after buying an additional 22,009 shares during the quarter. Vanguard Group Inc. owned approximately 9.19% of FirstCash worth $426,105,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FCFS. Rialto Wealth Management LLC purchased a new position in shares of FirstCash during the 4th quarter valued at $31,000. J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares in the last quarter. R Squared Ltd bought a new position in shares of FirstCash during the 4th quarter valued at $92,000. Parkside Financial Bank & Trust raised its position in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after purchasing an additional 94 shares during the period. Finally, KBC Group NV lifted its stake in FirstCash by 54.1% in the fourth quarter. KBC Group NV now owns 1,859 shares of the company's stock worth $193,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reaffirmed an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

Remove Ads

FirstCash Trading Up 4.3 %

Shares of FirstCash stock traded up $5.23 on Thursday, hitting $127.31. The stock had a trading volume of 548,341 shares, compared to its average volume of 259,608. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The stock's 50-day simple moving average is $115.10 and its two-hundred day simple moving average is $111.03. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 22.22 and a beta of 0.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced 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, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Insider Activity at FirstCash

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

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.