FirstCash Holdings, Inc. $FCFS is Stephens Investment Management Group LLC’s Largest Position

Stephens Investment Management Group LLC trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847,241 shares of the company’s stock after selling 10,269 shares during the period. FirstCash comprises approximately 1.8% of Stephens Investment Management Group LLC’s holdings, making the stock its biggest holding. Stephens Investment Management Group LLC’s holdings in FirstCash were worth $135,033,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of FirstCash by 96.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company’s stock worth $38,091,000 after purchasing an additional 117,788 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FirstCash by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after purchasing an additional 83,113 shares in the last quarter. Coastal Bridge Advisors LLC purchased a new position in shares of FirstCash during the 3rd quarter worth approximately $1,361,000. Victory Capital Management Inc. grew its stake in FirstCash by 76.3% in the 3rd quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after acquiring an additional 231,379 shares during the period. Finally, Mirabella Financial Services LLP purchased a new stake in FirstCash in the 3rd quarter worth approximately $3,463,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FirstCash

In other news, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the completion of the sale, the director directly owned 6,564 shares of the company’s stock, valued at $1,427,013.60. The trade was a 18.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. Insiders sold 18,500 shares of company stock valued at $3,440,840 over the last quarter. 2.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen lifted their target price on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Canaccord Genuity Group lifted their target price on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $198.00.

FirstCash Stock Down 0.4%

FCFS stock opened at $226.54 on Friday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The company has a 50 day moving average price of $203.92 and a two-hundred day moving average price of $179.81. The stock has a market capitalization of $9.93 billion, a P/E ratio of 28.39 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $2.07 EPS. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. FirstCash’s payout ratio is currently 21.05%.

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.