New South Capital Management Inc. Sells 5,407 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New South Capital Management Inc. lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,487 shares of the company's stock after selling 5,407 shares during the period. New South Capital Management Inc. owned 0.42% of FirstCash worth $20,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in FirstCash by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock valued at $228,000 after buying an additional 95 shares in the last quarter. Retirement Systems of Alabama increased its position in FirstCash by 0.3% in the first quarter. Retirement Systems of Alabama now owns 46,448 shares of the company's stock worth $5,924,000 after purchasing an additional 122 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in FirstCash by 5.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company's stock valued at $298,000 after purchasing an additional 125 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in FirstCash by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock valued at $129,000 after purchasing an additional 164 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of FirstCash by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock worth $1,809,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Trading Down 0.3 %

NASDAQ:FCFS traded down $0.36 during midday trading on Friday, hitting $118.74. 212,166 shares of the company traded hands, compared to its average volume of 247,214. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The firm's fifty day moving average is $112.18 and its 200-day moving average is $116.17. The firm has a market capitalization of $5.40 billion, a P/E ratio of 23.15 and a beta of 0.62. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $1.22 EPS. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.38 per share. This is a boost from FirstCash's previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.28%. FirstCash's dividend payout ratio is currently 29.63%.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on shares of FirstCash in a research report on Friday, June 7th. They set a "neutral" rating on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.00.

Insider Transactions at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the sale, the director now owns 4,743,159 shares in the company, valued at $569,226,511.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company's stock, valued at $9,722,833.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 2,864 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $120.01, for a total value of $343,708.64. Following the completion of the transaction, the director now directly owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,180 shares of company stock worth $1,435,842. 14.77% of the stock is currently owned by company 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.