1,502 Shares in FirstCash Holdings, Inc. $FCFS Purchased by Keybank National Association OH

Keybank National Association OH acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,502 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Stephens Investment Management Group LLC boosted its stake in FirstCash by 14.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company’s stock valued at $106,945,000 after buying an additional 112,349 shares in the last quarter. Boston Partners boosted its stake in shares of FirstCash by 6.5% in the 1st quarter. Boston Partners now owns 650,458 shares of the company’s stock valued at $78,385,000 after purchasing an additional 39,537 shares in the last quarter. Nuveen LLC bought a new stake in shares of FirstCash in the 1st quarter worth about $55,340,000. Goldman Sachs Group Inc. grew its holdings in shares of FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of FirstCash by 4.4% during the 2nd quarter. Bessemer Group Inc. now owns 308,929 shares of the company’s stock worth $41,749,000 after purchasing an additional 12,990 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Down 0.2%

FCFS stock opened at $161.91 on Friday. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $166.08. The company has a market cap of $7.15 billion, a P/E ratio of 24.87 and a beta of 0.66. The business has a fifty day moving average of $152.46 and a 200-day moving average of $139.19.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. The firm had revenue of $935.58 million during the quarter, compared to analyst estimates of $845.28 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, November 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. FirstCash’s payout ratio is presently 24.24%.

FirstCash announced that its Board of Directors has approved a share repurchase plan on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FCFS shares. Loop Capital lowered shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Friday, September 5th. Cowen reissued a “buy” rating on shares of FirstCash in a report on Friday, October 31st. Canaccord Genuity Group raised their price target on FirstCash from $200.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 31st. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Finally, Capital One Financial set a $160.00 price objective on FirstCash in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $167.00.

Insiders Place Their Bets

In related news, CEO Rick L. Wessel sold 69,024 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the sale, the chief executive officer owned 932,958 shares in the company, valued at approximately $129,205,353.42. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 4,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total value of $638,560.00. Following the completion of the transaction, the chief financial officer directly owned 93,567 shares in the company, valued at $14,937,035.88. The trade was a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 113,000 shares of company stock worth $15,883,363. 2.93% of the stock is currently owned by company insiders.

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.