Jupiter Topco LLC bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,249 shares of the company’s stock, valued at approximately $6,328,000. Jupiter Topco LLC owned 0.07% of FirstCash at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FCFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FirstCash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after acquiring an additional 1,021 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares in the last quarter. Jane Street Group LLC raised its holdings in FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares in the last quarter. American Century Companies Inc. lifted its position in FirstCash by 4.9% in the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after purchasing an additional 666 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in FirstCash by 67.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after purchasing an additional 8,402 shares during the period. 80.30% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other FirstCash news, COO Thomas Brent Stuart sold 5,348 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the sale, the chief operating officer owned 135,498 shares in the company, valued at approximately $29,081,935.74. The trade was a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $216.00, for a total transaction of $432,000.00. Following the sale, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 17,183 shares of company stock worth $3,761,228. Company insiders own 2.86% of the company’s stock.
FirstCash Trading Down 2.2%
FirstCash (NASDAQ:FCFS – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. On average, research analysts predict that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.
FirstCash Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 14th. FirstCash’s dividend payout ratio is currently 19.18%.
Analyst Ratings Changes
FCFS has been the topic of several research analyst reports. TD Cowen lifted their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.00.
Get Our Latest Stock Analysis on FirstCash
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.
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