Robeco Institutional Asset Management B.V. Makes New Investment in FirstCash Holdings, Inc. $FCFS

Robeco Institutional Asset Management B.V. purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, HoldingsChannel reports. The fund purchased 24,302 shares of the company’s stock, valued at approximately $3,873,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of FirstCash in the third quarter valued at approximately $25,000. Rothschild Investment LLC raised its position in shares of FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after purchasing an additional 101 shares during the period. Community Bank N.A. bought a new stake in shares of FirstCash in the third quarter valued at approximately $32,000. Smartleaf Asset Management LLC raised its position in shares of FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Finally, Danske Bank A S bought a new stake in shares of FirstCash in the third quarter valued at approximately $48,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings raised shares of FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, April 10th. Canaccord Genuity Group boosted their price objective on shares of FirstCash from $217.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $183.25.

FirstCash Price Performance

FCFS stock opened at $207.03 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.55 and a quick ratio of 3.36. FirstCash Holdings, Inc. has a one year low of $119.00 and a one year high of $207.79. The stock has a market cap of $9.08 billion, a PE ratio of 27.90 and a beta of 0.47. The firm has a 50 day simple moving average of $191.20 and a two-hundred day simple moving average of $171.15.

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

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 18th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, February 18th. FirstCash’s dividend payout ratio is currently 22.64%.

Insider Activity at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $185.12, for a total value of $740,480.00. Following the completion of the transaction, the insider directly owned 35,406 shares in the company, valued at approximately $6,554,358.72. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s 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 transaction, the chief financial officer owned 36,734 shares of the company’s stock, valued at $6,721,954.66. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,500 shares of company stock worth $4,783,985 in the last three months. 2.93% of the stock is owned by insiders.

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.