Stephens Investment Management Group LLC Sells 29,608 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stephens Investment Management Group LLC trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,133,432 shares of the company's stock after selling 29,608 shares during the quarter. FirstCash makes up approximately 1.8% of Stephens Investment Management Group LLC's holdings, making the stock its 5th largest position. Stephens Investment Management Group LLC owned 2.53% of FirstCash worth $130,118,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SG Capital Management LLC bought a new position in FirstCash during the 1st quarter worth $3,348,000. Sei Investments Co. grew its stake in FirstCash by 6.3% during the 1st quarter. Sei Investments Co. now owns 611,435 shares of the company's stock worth $77,983,000 after buying an additional 36,181 shares during the last quarter. Russell Investments Group Ltd. grew its stake in FirstCash by 10.2% during the 1st quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company's stock worth $10,230,000 after buying an additional 7,399 shares during the last quarter. Bessemer Group Inc. grew its stake in FirstCash by 21.7% during the 1st quarter. Bessemer Group Inc. now owns 192,155 shares of the company's stock worth $24,508,000 after buying an additional 34,217 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in FirstCash by 753.4% during the 1st quarter. Acadian Asset Management LLC now owns 161,291 shares of the company's stock worth $20,560,000 after buying an additional 142,391 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Monday.

Insider Activity

In other news, Director Douglas Richard Rippel sold 600 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares in the company, valued at $568,560,627.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Douglas Richard Rippel sold 600 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now directly owns 4,735,243 shares of the company's stock, valued at $568,560,627.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at approximately $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,154 shares of company stock worth $1,912,562 over the last 90 days. 14.77% of the stock is currently owned by company insiders.

FirstCash Stock Performance

Shares of NASDAQ:FCFS traded up $2.61 on Friday, hitting $106.08. The company's stock had a trading volume of 255,737 shares, compared to its average volume of 248,026. FirstCash Holdings, Inc. has a 12 month low of $101.62 and a 12 month high of $133.64. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 19.16 and a beta of 0.62. The stock's 50-day moving average is $114.23 and its two-hundred day moving average is $114.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. FirstCash's dividend payout ratio (DPR) is 28.15%.

FirstCash Company 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.