Savant Capital LLC Purchases New Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Savant Capital LLC acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,450 shares of the company's stock, valued at approximately $254,000.

A number of other hedge funds have also recently added to or reduced their stakes in FCFS. FMR LLC raised its position in shares of FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company's stock worth $770,627,000 after purchasing an additional 1,037,601 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in FirstCash during the 3rd quarter worth $50,192,000. Erste Asset Management GmbH acquired a new stake in FirstCash in the third quarter worth $18,368,000. Natixis Advisors LLC lifted its stake in FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock valued at $18,269,000 after buying an additional 101,130 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of FirstCash by 163.8% during the third quarter. Barclays PLC now owns 81,807 shares of the company's stock valued at $9,391,000 after acquiring an additional 50,799 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FCFS shares. TD Cowen dropped their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Stephens restated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a research note on Wednesday.

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Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction 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 business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % 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 Stock Performance

Shares of FCFS traded up $0.29 during trading hours on Friday, reaching $114.59. 240,272 shares of the company's stock traded hands, compared to its average volume of 234,892. The business's fifty day simple moving average is $109.50 and its two-hundred day simple moving average is $111.23. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

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.