FirstCash Holdings, Inc. $FCFS Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,480 shares of the company’s stock after selling 1,365 shares during the quarter. US Bancorp DE’s holdings in FirstCash were worth $1,146,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 202 shares in the last quarter. CX Institutional grew its stake in shares of FirstCash by 24.7% in the second quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after buying an additional 86 shares in the last quarter. CWM LLC grew its stake in shares of FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company’s stock valued at $62,000 after buying an additional 249 shares in the last quarter. State of Wyoming acquired a new stake in shares of FirstCash in the first quarter valued at about $65,000. Finally, Brooklyn Investment Group grew its stake in shares of FirstCash by 7,233.3% in the first quarter. Brooklyn Investment Group now owns 660 shares of the company’s stock valued at $79,000 after buying an additional 651 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,852 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total value of $455,521.44. Following the sale, the chief financial officer directly owned 39,734 shares in the company, valued at $6,346,314.48. This trade represents a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the sale, the chief executive officer owned 901,982 shares in the company, valued at approximately $125,673,152.06. This represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,000 shares of company stock valued at $16,690,723. Insiders own 2.93% of the company’s stock.

FirstCash Trading Down 0.7%

Shares of NASDAQ FCFS opened at $157.44 on Friday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 24.18 and a beta of 0.69. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $163.01. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $148.38 and its 200 day simple moving average is $135.68.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results 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 for 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 quarter last year, the business posted $1.37 EPS. Equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.42 dividend. This is a positive change from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. FirstCash’s dividend payout ratio (DPR) is 25.81%.

Analyst Ratings Changes

A number of research analysts recently commented on FCFS shares. Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price target on shares of FirstCash in a report on Monday, October 6th. Jefferies Financial Group raised FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Capital One Financial set a $160.00 price target on FirstCash in a report on Tuesday, August 5th. Finally, Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, FirstCash has an average rating of “Buy” and a consensus price target of $154.40.

FirstCash 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.