Allspring Global Investments Holdings LLC Buys New Stake in FirstCash Holdings, Inc. $FCFS

Allspring Global Investments Holdings LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,477 shares of the company’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of FirstCash in the third quarter valued at $25,000. Rothschild Investment LLC grew its holdings in shares of FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Community Bank N.A. purchased a new position in shares of FirstCash in the third quarter valued at $32,000. Smartleaf Asset Management LLC boosted its stake in FirstCash by 70.5% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after buying an additional 91 shares during the period. Finally, Danske Bank A S purchased a new position in FirstCash during the third quarter worth $48,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Howard F. Hambleton sold 4,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $185.12, for a total transaction of $740,480.00. Following the transaction, the insider owned 35,406 shares in the company, valued at $6,554,358.72. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.53, for a total transaction of $1,825,300.00. Following the transaction, the chief operating officer owned 150,846 shares in the company, valued at approximately $27,533,920.38. This trade represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,500 shares of company stock worth $4,783,985 over the last 90 days. 2.93% of the stock is currently owned by corporate insiders.

FirstCash Stock Performance

Shares of FirstCash stock opened at $201.63 on Friday. The company has a market capitalization of $8.87 billion, a PE ratio of 27.17 and a beta of 0.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The company has a 50-day simple moving average of $188.71 and a two-hundred day simple moving average of $169.69. FirstCash Holdings, Inc. has a one year low of $117.31 and a one year high of $203.43.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s dividend payout ratio is 22.64%.

Analyst Ratings Changes

Several research analysts have commented on FCFS shares. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Canaccord Genuity Group lifted their price objective on shares of FirstCash from $217.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, FirstCash presently has an average rating of “Moderate Buy” and an average price target of $183.25.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.