Fmr LLC Sells 959,313 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

FMR LLC decreased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,753,466 shares of the company's stock after selling 959,313 shares during the period. FMR LLC owned approximately 12.85% of FirstCash worth $596,059,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after purchasing an additional 22,009 shares during the last quarter. State Street Corp boosted its position in FirstCash by 2.1% in the third 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. Sei Investments Co. grew its stake in shares of FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after buying an additional 33,040 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of FirstCash by 28.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after buying an additional 123,386 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FirstCash by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock worth $53,866,000 after buying an additional 21,685 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

FirstCash Trading Up 1.2 %

NASDAQ:FCFS traded up $1.43 during mid-day trading on Monday, hitting $122.05. 48,533 shares of the company's stock were exchanged, compared to its average volume of 267,550. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.46 billion, a P/E ratio of 21.30 and a beta of 0.58. The company has a 50 day simple moving average of $116.72 and a 200-day simple moving average of $111.27.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping 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%. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. FirstCash's dividend payout ratio (DPR) is 26.53%.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at $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 is available at the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now 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 insiders.

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.