Geode Capital Management LLC Has $109.15 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Geode Capital Management LLC cut its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 950,621 shares of the company's stock after selling 34,894 shares during the period. Geode Capital Management LLC owned about 2.12% of FirstCash worth $109,152,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company's stock valued at $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Earnest Partners LLC boosted its stake in FirstCash by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company's stock valued at $245,879,000 after buying an additional 55,919 shares in the last quarter. State Street Corp boosted its stake in FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock valued at $159,196,000 after buying an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company's stock worth $110,867,000 after acquiring an additional 15,780 shares in the last quarter. Finally, Sei Investments Co. raised its stake in FirstCash by 3.2% during the second quarter. Sei Investments Co. now owns 631,303 shares of the company's stock worth $66,211,000 after acquiring an additional 19,868 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FCFS has been the topic of several recent analyst reports. Stephens initiated coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 target price on the stock. TD Cowen reduced their price target 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.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company's stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.77% of the stock is owned by insiders.

FirstCash Price Performance

FCFS traded up $2.43 during trading on Thursday, hitting $102.97. The company's stock had a trading volume of 250,469 shares, compared to its average volume of 246,984. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.07 and a beta of 0.65. The firm's 50 day moving average price is $107.75 and its two-hundred day moving average price is $110.84. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (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 during the quarter, compared to analysts' expectations of $843.94 million. During the same period in the previous year, the business posted $1.56 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.48%. FirstCash's payout ratio is 28.15%.

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.