Victory Capital Management Inc. Sells 33,852 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Victory Capital Management Inc. lessened its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,135 shares of the company's stock after selling 33,852 shares during the quarter. Victory Capital Management Inc. owned 0.70% of FirstCash worth $35,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in FirstCash during the first quarter worth approximately $26,000. Russell Investments Group Ltd. increased its holdings in shares of FirstCash by 10.2% in the 1st quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company's stock valued at $10,230,000 after purchasing an additional 7,399 shares in the last quarter. ProShare Advisors LLC increased its holdings in FirstCash by 4.8% in the first quarter. ProShare Advisors LLC now owns 8,579 shares of the company's stock valued at $1,094,000 after buying an additional 392 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in FirstCash by 22.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,130 shares of the company's stock valued at $1,675,000 after purchasing an additional 2,370 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of FirstCash by 5.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company's stock worth $298,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FCFS shares. TD Cowen reduced their target price 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 assumed coverage on FirstCash in a research report on Wednesday. They set an "overweight" rating and a $137.00 price target for the company.

Insider Activity

In related news, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now owns 4,735,843 shares in the company, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was 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 of the company's stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,909,562 over the last 90 days. 14.77% of the stock is owned by company insiders.

FirstCash Stock Performance

FirstCash stock traded down $0.94 during mid-day trading on Friday, reaching $105.77. The company's stock had a trading volume of 199,409 shares, compared to its average volume of 315,818. 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 twelve month low of $101.62 and a twelve month high of $133.64. The business has a 50 day moving average price of $111.90 and a 200-day moving average price of $112.66. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.44%. FirstCash's dividend payout ratio is currently 28.15%.

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.