Fmr LLC Purchases 1,037,601 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

FMR LLC increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 18.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,712,779 shares of the company's stock after purchasing an additional 1,037,601 shares during the quarter. FMR LLC owned 15.00% of FirstCash worth $770,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FCFS. SG Capital Management LLC acquired a new stake in shares of FirstCash during the 1st quarter valued at $3,348,000. CWA Asset Management Group LLC purchased a new stake in shares of FirstCash during the third quarter valued at $1,576,000. Boston Partners boosted its position in shares of FirstCash by 17.8% in the 1st 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 during the period. Atria Investments Inc purchased a new position in FirstCash in the 1st quarter worth about $1,189,000. Finally, Natixis Advisors LLC raised its holdings in FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after buying an additional 101,130 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Douglas Richard Rippel sold 3,374 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,974 shares of company stock valued at $688,080 in the last three months. Insiders own 14.77% of the company's stock.

FirstCash Stock Up 0.2 %

Shares of NASDAQ FCFS traded up $0.19 during mid-day trading on Friday, reaching $108.86. The company had a trading volume of 132,908 shares, compared to its average volume of 248,369. 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 company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 20.12 and a beta of 0.64. The stock has a fifty day moving average of $109.96 and a two-hundred day moving average of $111.99. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the prior year, the firm earned $1.56 EPS. The company's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. FirstCash's dividend payout ratio (DPR) is currently 28.15%.

Analyst Ratings Changes

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

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.