Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Mirae Asset Global Investments Co. Ltd. lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,116 shares of the company’s stock after purchasing an additional 451 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FirstCash were worth $1,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of FirstCash during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of FirstCash by 86.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd lifted its stake in shares of FirstCash by 87.3% during the 1st quarter. Covestor Ltd now owns 691 shares of the company’s stock worth $49,000 after acquiring an additional 322 shares during the last quarter. Headinvest LLC bought a new stake in shares of FirstCash during the 3rd quarter worth approximately $50,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of FirstCash during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the transaction, the director now directly owns 5,466,973 shares of the company’s stock, valued at approximately $649,093,704.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the transaction, the director now directly owns 5,466,973 shares of the company’s stock, valued at $649,093,704.29. The disclosure for this sale can be found here. In the last three months, insiders sold 329,984 shares of company stock valued at $38,850,386. Corporate insiders own 18.08% of the company’s stock.

FirstCash Trading Up 1.3 %

Shares of NASDAQ FCFS opened at $130.41 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $121.52 and a two-hundred day simple moving average of $113.91. The firm has a market cap of $5.88 billion, a PE ratio of 27.17 and a beta of 0.62. FirstCash Holdings, Inc. has a twelve month low of $88.05 and a twelve month high of $133.46.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.25. The business had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. FirstCash’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Analysts expect that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s payout ratio is 29.17%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCFS. Stephens raised their price target on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th.

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.