FirstCash Holdings, Inc. $FCFS Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 39.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,221 shares of the company’s stock after selling 3,360 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in FirstCash were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FCFS. Caitong International Asset Management Co. Ltd acquired a new position in FirstCash in the 2nd quarter valued at about $25,000. IFP Advisors Inc raised its position in FirstCash by 181.6% in the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after acquiring an additional 187 shares in the last quarter. CX Institutional boosted its holdings in FirstCash by 24.7% during the second quarter. CX Institutional now owns 434 shares of the company’s stock worth $59,000 after buying an additional 86 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of FirstCash by 169.9% in the 2nd quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock worth $61,000 after acquiring an additional 282 shares during the period. Finally, CWM LLC increased its position 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. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Ratings Changes

FCFS has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on FirstCash from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Cowen reissued a “buy” rating on shares of FirstCash in a research note on Friday, October 31st. Weiss Ratings upgraded shares of FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Loop Capital downgraded FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $167.00.

FirstCash Trading Up 0.6%

FCFS opened at $155.57 on Wednesday. The firm’s 50 day moving average is $154.22 and its 200-day moving average is $141.01. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $166.08. 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 firm has a market capitalization of $6.87 billion, a P/E ratio of 23.90 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 30th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.35. The business had revenue of $904.27 million during the quarter, compared to the consensus estimate of $845.28 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. Analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 14th. FirstCash’s payout ratio is 24.24%.

FirstCash declared that its Board of Directors has initiated a stock buyback program on Thursday, October 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,852 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $159.72, for a total value of $455,521.44. Following the completion of the sale, the chief financial officer owned 39,734 shares of the company’s stock, valued at approximately $6,346,314.48. The trade was a 6.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick L. Wessel sold 30,976 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the transaction, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. The trade was a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,976 shares of company stock worth $6,324,230 over the last ninety days. 14.77% of the stock is currently owned by corporate insiders.

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.