Lisanti Capital Growth LLC Sells 4,895 Shares of FirstCash Holdings, Inc. $FCFS

Lisanti Capital Growth LLC lessened its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 43.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,490 shares of the company’s stock after selling 4,895 shares during the quarter. Lisanti Capital Growth LLC’s holdings in FirstCash were worth $877,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FCFS. Caitong International Asset Management Co. Ltd acquired a new position in shares of FirstCash during the 2nd quarter worth $25,000. IFP Advisors Inc increased its position in FirstCash by 181.6% during the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the last quarter. CX Institutional increased its position in FirstCash by 24.7% during the second quarter. CX Institutional now owns 434 shares of the company’s stock worth $59,000 after buying an additional 86 shares during the last quarter. Bayforest Capital Ltd raised its holdings in FirstCash by 169.9% during the second quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock valued at $61,000 after buying an additional 282 shares in the last quarter. Finally, CWM LLC lifted its position in shares of FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after buying an additional 249 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Stock Down 0.7%

Shares of FCFS opened at $160.73 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The company has a 50-day simple moving average of $152.73 and a 200-day simple moving average of $139.59. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $166.08. The firm has a market capitalization of $7.09 billion, a P/E ratio of 24.69 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 30th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. The business had revenue of $935.58 million for the quarter, compared to the consensus estimate of $845.28 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $1.67 earnings per share. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. FirstCash’s payout ratio is currently 24.24%.

FirstCash declared that its board has approved a stock buyback program on Thursday, October 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a research note on Wednesday, October 8th. Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Jefferies Financial Group upgraded shares of FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Finally, Canaccord Genuity Group upped their price target on shares of FirstCash from $200.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $167.00.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 4,000 shares of FirstCash stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total transaction of $638,560.00. Following the sale, the chief financial officer owned 93,567 shares in the company, valued at $14,937,035.88. The trade was a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick L. Wessel sold 69,024 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total transaction of $9,559,133.76. Following the completion of the transaction, the chief executive officer owned 932,958 shares of the company’s stock, valued at approximately $129,205,353.42. This represents a 6.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,000 shares of company stock valued at $15,883,363 over the last 90 days. 2.93% of the stock is currently owned by corporate insiders.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.