FirstCash Holdings, Inc. $FCFS Stock Position Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 94.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,453 shares of the company’s stock after selling 22,752 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in FirstCash were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FCFS. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. bought a new position in FirstCash during the 1st quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in FirstCash during the 2nd quarter worth $34,000. Assetmark Inc. increased its stake in FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after acquiring an additional 103 shares during the period. Finally, USA Financial Formulas acquired a new position in FirstCash in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Canaccord Genuity Group decreased their price target on FirstCash from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Stephens reaffirmed an “overweight” rating and issued a $250.00 price target on shares of FirstCash in a research note on Thursday, October 1st. Finally, TD Cowen cut their price objective on shares of FirstCash from $242.00 to $235.00 and set a “buy” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $247.50.

Insider Activity at FirstCash

In other FirstCash news, CFO R. Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $216.00, for a total value of $432,000.00. Following the sale, the chief financial officer owned 34,734 shares in the company, valued at $7,502,544. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total transaction of $425,960.00. Following the sale, the insider directly owned 30,406 shares in the company, valued at approximately $6,475,869.88. The trade was a 6.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,098 shares of company stock valued at $3,051,281 in the last quarter. 2.86% of the stock is owned by company insiders.

FirstCash Stock Up 1.5%

NASDAQ FCFS opened at $175.27 on Tuesday. The business has a fifty day moving average price of $215.46 and a two-hundred day moving average price of $205.46. The stock has a market capitalization of $7.60 billion, a PE ratio of 18.99 and a beta of 0.55. FirstCash Holdings, Inc. has a fifty-two week low of $146.77 and a fifty-two week high of $238.93. The company has a debt-to-equity ratio of 1.08, a current ratio of 4.81 and a quick ratio of 3.42.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.05. FirstCash had a return on equity of 20.17% and a net margin of 9.48%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts expect that FirstCash Holdings, Inc. will post 11.59 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Friday, November 13th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, November 13th. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. This is a positive change from FirstCash’s previous quarterly dividend of $0.42. FirstCash’s dividend payout ratio is currently 18.20%.

About FirstCash

FirstCash Holdings, Inc is a specialty financial services and retail company that operates pawn stores in the United States and Mexico. Through its pawn operations, the company provides short-term, collateral-backed loans to consumers who pledge personal property as security. Customers can reclaim their pledged items by repaying the loan and applicable fees within the required period.

The company also generates revenue by selling merchandise that has been forfeited on pawn loans or acquired through other purchasing activities.