KBC Group NV Sells 759 Shares of FirstCash Holdings, Inc. $FCFS

KBC Group NV reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 40.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,130 shares of the company’s stock after selling 759 shares during the period. KBC Group NV’s holdings in FirstCash were worth $153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in FirstCash during the second quarter worth approximately $25,000. IFP Advisors Inc boosted its stake in shares of FirstCash by 181.6% during the 2nd quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after acquiring an additional 187 shares during the period. CX Institutional increased its holdings in shares of FirstCash by 24.7% during the 2nd quarter. CX Institutional now owns 434 shares of the company’s stock worth $59,000 after acquiring an additional 86 shares during the last quarter. Bayforest Capital Ltd raised its stake in FirstCash by 169.9% in the 2nd quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock valued at $61,000 after acquiring an additional 282 shares during the period. Finally, CWM LLC raised its stake in FirstCash by 92.9% in the 1st quarter. CWM LLC now owns 517 shares of the company’s stock valued at $62,000 after acquiring an additional 249 shares during the period. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other news, COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $159.97, for a total transaction of $1,599,700.00. Following the completion of the sale, the chief operating officer directly owned 127,724 shares in the company, valued at approximately $20,432,008.28. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 4,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $159.64, for a total value of $638,560.00. Following the sale, the chief financial officer directly owned 93,567 shares in the company, valued at approximately $14,937,035.88. This trade represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,500 shares of company stock valued at $7,606,478 in the last three months. Corporate insiders own 14.77% of the company’s stock.

FirstCash Price Performance

NASDAQ:FCFS opened at $156.59 on Thursday. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $166.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The firm’s 50-day simple moving average is $154.45 and its 200 day simple moving average is $141.12. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 24.05 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 30th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The firm had revenue of $904.27 million for the quarter, compared to analyst estimates of $845.28 million. During the same quarter in the prior year, the business posted $1.67 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 14th. FirstCash’s dividend payout ratio (DPR) is 24.24%.

Analyst Ratings Changes

FCFS has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Cowen restated a “buy” rating on shares of FirstCash in a research note on Friday, October 31st. TD Cowen upped their price target on shares of FirstCash from $181.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Loop Capital cut shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Friday, September 5th. Finally, Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, four 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 a consensus rating of “Buy” and an average target price of $167.00.

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.