Creative Planning lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 39.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,093 shares of the company’s stock after acquiring an additional 3,966 shares during the quarter. Creative Planning’s holdings in FirstCash were worth $1,618,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Capital Management LLC acquired a new stake in FirstCash in the 1st quarter valued at about $3,348,000. Sei Investments Co. boosted its holdings in FirstCash by 6.3% during the first quarter. Sei Investments Co. now owns 611,435 shares of the company’s stock worth $77,983,000 after buying an additional 36,181 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in FirstCash by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock worth $10,230,000 after buying an additional 7,399 shares in the last quarter. Bessemer Group Inc. grew its position in FirstCash by 21.7% in the first quarter. Bessemer Group Inc. now owns 192,155 shares of the company’s stock worth $24,508,000 after buying an additional 34,217 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of FirstCash by 753.4% in the first quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock valued at $20,560,000 after buying an additional 142,391 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.
Wall Street Analyst Weigh In
Separately, TD Cowen reduced their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday.
Insider Activity
In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the sale, the director now owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,154 shares of company stock worth $1,912,562. 14.77% of the stock is owned by corporate insiders.
FirstCash Price Performance
FCFS stock opened at $105.81 on Wednesday. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The firm has a 50-day moving average of $114.73 and a two-hundred day moving average of $114.22. The firm has a market capitalization of $4.74 billion, a PE ratio of 19.59 and a beta of 0.62. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.
FirstCash (NASDAQ:FCFS – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The business had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. During the same quarter in the previous year, the business earned $1.56 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that FirstCash Holdings, Inc. will post 6.52 earnings per share for the current year.
FirstCash Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.
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.
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