LPL Financial LLC Increases Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

LPL Financial LLC lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,797 shares of the company’s stock after purchasing an additional 3,354 shares during the quarter. LPL Financial LLC owned about 0.06% of FirstCash worth $3,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FCFS. Farther Finance Advisors LLC raised its position in FirstCash by 808.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. CX Institutional purchased a new position in FirstCash during the first quarter valued at approximately $42,000. UMB Bank n.a. raised its position in FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock valued at $54,000 after acquiring an additional 283 shares in the last quarter. CWM LLC raised its position in FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company’s stock valued at $62,000 after acquiring an additional 249 shares in the last quarter. Finally, Quarry LP raised its position in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after acquiring an additional 513 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

FirstCash Stock Down 2.0%

Shares of FCFS opened at $136.52 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $141.56. The stock’s 50 day moving average is $132.40 and its two-hundred day moving average is $125.10. The firm has a market cap of $6.06 billion, a P/E ratio of 20.97 and a beta of 0.68.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. FirstCash’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.2%. This is an increase from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, August 15th. FirstCash’s dividend payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FCFS. Capital One Financial set a $160.00 price target on FirstCash in a research report on Tuesday, August 5th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th.

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.