FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,043,643 shares of the company’s stock after selling 69,335 shares during the quarter. Vanguard Group Inc. owned 9.11% of FirstCash worth $486,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in FirstCash by 1.2% in the first quarter. Principal Financial Group Inc. now owns 132,236 shares of the company’s stock valued at $15,911,000 after purchasing an additional 1,629 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in FirstCash by 8.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company’s stock valued at $413,000 after purchasing an additional 265 shares during the period. Freedom Day Solutions LLC purchased a new position in FirstCash in the first quarter valued at about $1,524,000. Teacher Retirement System of Texas raised its position in FirstCash by 18.2% in the first quarter. Teacher Retirement System of Texas now owns 11,522 shares of the company’s stock valued at $1,386,000 after purchasing an additional 1,771 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in FirstCash in the first quarter valued at about $334,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $139.34 on Friday. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $132.18 and a two-hundred day moving average of $124.83. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $141.56. The company has a market cap of $6.18 billion, a P/E ratio of 21.40 and a beta of 0.68.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.13. The business had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.2%. FirstCash’s dividend payout ratio is presently 23.35%.

Insider Activity at FirstCash

In related news, Director James H. Graves sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the sale, the director owned 15,846 shares of the company’s stock, valued at $2,132,237.76. The trade was a 27.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard F. Hambleton sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, the insider directly owned 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their position. The disclosure for this sale can be found here. 2.93% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Capital One Financial set a $160.00 target price on FirstCash in a research report on Tuesday, August 5th.

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.