Point72 Asset Management L.P. Sells 53,193 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Point72 Asset Management L.P. cut its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 72.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,991 shares of the company's stock after selling 53,193 shares during the period. Point72 Asset Management L.P.'s holdings in FirstCash were worth $2,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of FirstCash by 18.3% during the third quarter. FMR LLC now owns 6,712,779 shares of the company's stock worth $770,627,000 after buying an additional 1,037,601 shares in the last quarter. Earnest Partners LLC raised its position in FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company's stock worth $245,879,000 after acquiring an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP increased its position in FirstCash by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company's stock worth $110,867,000 after buying an additional 15,780 shares during the last quarter. Sei Investments Co. lifted its position in shares of FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company's stock valued at $66,211,000 after buying an additional 19,868 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FirstCash by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company's stock worth $57,200,000 after acquiring an additional 37,810 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business'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 directly owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.77% of the company's stock.

FirstCash Trading Up 1.7 %

FCFS traded up $1.83 during trading on Tuesday, reaching $108.21. 79,299 shares of the company's stock were exchanged, compared to its average volume of 245,673. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The stock has a market capitalization of $4.84 billion, a PE ratio of 19.70 and a beta of 0.65. The firm has a fifty day moving average price of $108.74 and a two-hundred day moving average price of $111.37.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.05. The business had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an "overweight" rating and a $137.00 target price for the company. TD Cowen reduced 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, October 28th.

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.