Stephens Investment Management Group LLC Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stephens Investment Management Group LLC cut its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 31.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 776,485 shares of the company's stock after selling 356,947 shares during the period. FirstCash comprises about 1.1% of Stephens Investment Management Group LLC's holdings, making the stock its 24th biggest holding. Stephens Investment Management Group LLC owned 1.74% of FirstCash worth $80,444,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. CWM LLC raised its position in shares of FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company's stock valued at $65,000 after buying an additional 348 shares during the last quarter. R Squared Ltd purchased a new stake in shares of FirstCash in the fourth quarter valued at about $92,000. GAMMA Investing LLC grew its holdings in shares of FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company's stock valued at $103,000 after purchasing an additional 202 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in FirstCash during the third quarter worth about $133,000. Finally, KBC Group NV boosted its stake in FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock worth $138,000 after buying an additional 205 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

FCFS has been the subject of several research analyst reports. 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 price objective for the company.

Insider Buying and Selling at FirstCash

In other 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 transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Stock Up 1.9 %

Shares of NASDAQ:FCFS traded up $2.18 during trading on Wednesday, hitting $116.51. 295,239 shares of the company were exchanged, compared to its average volume of 229,066. The stock has a market capitalization of $5.21 billion, a P/E ratio of 20.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm's 50 day moving average price is $108.01 and its 200-day moving average price is $110.92.

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

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.30%. FirstCash's dividend payout ratio is currently 26.53%.

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.