Eagle Asset Management Inc. Reduces Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Eagle Asset Management Inc. reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 16.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,881 shares of the company's stock after selling 30,984 shares during the period. Eagle Asset Management Inc. owned about 0.35% of FirstCash worth $17,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Capital Management LLC bought a new position in shares of FirstCash in the first quarter valued at approximately $3,348,000. CWA Asset Management Group LLC acquired a new position in shares of FirstCash during the third quarter worth about $1,576,000. Atria Investments Inc acquired a new position in FirstCash during the 1st quarter worth approximately $1,189,000. Boston Partners grew its position in FirstCash by 17.8% in 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, Seven Eight Capital LP acquired a new position in shares of FirstCash during the 2nd quarter worth approximately $1,882,000. Institutional investors own 80.30% of the company's stock.

Insider Activity

In other news, Director Douglas Richard Rippel sold 7,316 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the transaction, the director now owns 4,735,843 shares of the company's stock, valued at $568,206,443.14. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred 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 sale, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock valued at $1,909,562 over the last three months. Insiders own 14.77% of the company's stock.

Analyst Upgrades and Downgrades

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

FirstCash Stock Performance

NASDAQ FCFS traded up $1.43 on Friday, hitting $104.40. 371,337 shares of the stock traded hands, compared to its average volume of 304,560. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 19.33 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The business's fifty day moving average is $110.80 and its two-hundred day moving average is $112.30. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million for the quarter, compared to analysts' expectations of $843.94 million. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.46%. FirstCash's payout ratio is 28.15%.

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.