Fox Run Management L.L.C. Purchases New Position in FirstCash Holdings, Inc. $FCFS

Fox Run Management L.L.C. purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,078 shares of the company’s stock, valued at approximately $809,000.

A number of other institutional investors also recently modified their holdings of the business. Cerity Partners LLC lifted its stake in shares of FirstCash by 15.4% during the 4th quarter. Cerity Partners LLC now owns 6,468 shares of the company’s stock valued at $1,031,000 after buying an additional 861 shares in the last quarter. LPL Financial LLC boosted its holdings in FirstCash by 8.3% in the 4th quarter. LPL Financial LLC now owns 27,645 shares of the company’s stock valued at $4,406,000 after purchasing an additional 2,127 shares during the period. Franklin Resources Inc. boosted its holdings in FirstCash by 59.6% in the 4th quarter. Franklin Resources Inc. now owns 5,777 shares of the company’s stock valued at $921,000 after purchasing an additional 2,157 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in FirstCash by 28.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,320 shares of the company’s stock valued at $1,326,000 after purchasing an additional 1,856 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in FirstCash by 133.8% in the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock valued at $89,588,000 after purchasing an additional 321,663 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Performance

FirstCash stock opened at $211.73 on Thursday. The firm’s fifty day moving average price is $215.35 and its 200-day moving average price is $188.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The stock has a market cap of $9.28 billion, a P/E ratio of 26.53 and a beta of 0.52. FirstCash Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company posted $2.07 EPS. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Paula K. Garrett sold 1,500 shares of the firm’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 sale, the director owned 6,564 shares in the company, valued at approximately $1,427,013.60. This trade represents a 18.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the sale, the chief financial officer owned 35,734 shares in the company, valued at approximately $8,121,980.86. This trade represents a 5.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 27,500 shares of company stock worth $6,243,104. Corporate insiders own 2.86% of the company’s stock.

FirstCash 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.