King Luther Capital Management Corp Increases Position in FirstCash Holdings, Inc. $FCFS

King Luther Capital Management Corp boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 40.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 44,876 shares of the company’s stock after buying an additional 12,844 shares during the period. King Luther Capital Management Corp owned 0.10% of FirstCash worth $7,109,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FCFS. Caitong International Asset Management Co. Ltd bought a new stake in FirstCash during the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in shares of FirstCash during the third quarter valued at approximately $25,000. Rothschild Investment LLC lifted 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 worth $29,000 after buying an additional 101 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of FirstCash by 70.5% in 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 in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of FirstCash by 262.5% during the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock worth $58,000 after acquiring an additional 273 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Performance

NASDAQ FCFS opened at $183.10 on Friday. The business’s 50 day moving average price is $169.17 and its 200-day moving average price is $157.50. FirstCash Holdings, Inc. has a fifty-two week low of $109.51 and a fifty-two week high of $188.75. The company has a market cap of $8.05 billion, a P/E ratio of 24.68 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55.

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

FirstCash announced that its board has authorized a stock buyback plan on Thursday, October 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. FirstCash’s dividend payout ratio is currently 22.64%.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $182.99, for a total transaction of $365,980.00. Following the completion of the sale, the chief financial officer directly owned 36,734 shares in the company, valued at approximately $6,721,954.66. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer directly owned 150,846 shares of the company’s stock, valued at $27,533,920.38. This represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,500 shares of company stock worth $5,438,945. 2.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a research note on Friday, February 6th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. TD Cowen reaffirmed a “buy” rating on shares of FirstCash in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.50.

FirstCash Company Profile

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.