FirstCash Holdings, Inc. $FCFS Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 832,231 shares of the company’s stock after selling 15,010 shares during the quarter. FirstCash comprises approximately 2.1% of Stephens Investment Management Group LLC’s holdings, making the stock its largest position. Stephens Investment Management Group LLC’s holdings in FirstCash were worth $156,459,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in FirstCash in the first quarter valued at $26,000. CIBC Private Wealth Group LLC increased its holdings in shares of FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after acquiring an additional 162 shares during the period. Community Bank N.A. acquired a new stake in shares of FirstCash in the 3rd quarter worth about $32,000. High Point Wealth Management LLC bought a new stake in FirstCash in the 4th quarter valued at about $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in FirstCash by 531.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock valued at $41,000 after purchasing an additional 218 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Howard F. Hambleton sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the sale, the insider owned 32,406 shares of the company’s stock, valued at $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the completion of the sale, the director owned 6,564 shares of the company’s stock, valued at $1,427,013.60. This trade represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is currently owned by insiders.

FirstCash Stock Performance

FCFS stock opened at $221.97 on Friday. The company has a market capitalization of $9.73 billion, a P/E ratio of 27.82 and a beta of 0.53. The company has a 50-day simple moving average of $222.47 and a 200 day simple moving average of $195.65. FirstCash Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. FirstCash’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. Sell-side analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.42 dividend. 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%.

Wall Street Analyst Weigh In

Several research firms have commented on FCFS. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group lifted their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Finally, TD Cowen increased their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.00.

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.