DekaBank Deutsche Girozentrale Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

DekaBank Deutsche Girozentrale bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, Holdings Channel reports. The fund bought 6,200 shares of the company’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also made changes to their positions in FCFS. Sei Investments Co. boosted its stake in FirstCash by 17.4% during the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after acquiring an additional 63,219 shares during the last quarter. FMR LLC boosted its stake in FirstCash by 2.3% during the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares during the last quarter. Pathstone Family Office LLC bought a new position in FirstCash during the 3rd quarter valued at $297,000. Annex Advisory Services LLC boosted its stake in FirstCash by 46.2% during the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock valued at $5,551,000 after acquiring an additional 17,486 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in FirstCash by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 379,994 shares of the company’s stock valued at $38,144,000 after acquiring an additional 64,867 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 31,930 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.68, for a total value of $3,821,382.40. Following the sale, the director now owns 5,767,238 shares of the company’s stock, valued at approximately $690,223,043.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Douglas Richard Rippel sold 31,930 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.68, for a total value of $3,821,382.40. Following the completion of the transaction, the director now owns 5,767,238 shares in the company, valued at approximately $690,223,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock valued at $38,850,386 in the last quarter. Company insiders own 18.08% of the company’s stock.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of research analyst reports. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens increased their price objective on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

FirstCash Stock Down 0.8 %

Shares of NASDAQ:FCFS opened at $131.07 on Tuesday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 27.31 and a beta of 0.62. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.46. The company’s fifty day moving average is $120.48 and its two-hundred day moving average is $113.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. The company had revenue of $852.13 million for the quarter, compared to analysts’ expectations of $859.23 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. Equities analysts anticipate that FirstCash Holdings, Inc. will post 6.93 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

About FirstCash

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.