Hsbc Holdings PLC bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,170 shares of the company’s stock, valued at approximately $5,476,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of FirstCash by 133.8% during the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock valued at $89,588,000 after buying an additional 321,663 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FirstCash by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after buying an additional 312,132 shares during the last quarter. AQR Capital Management LLC increased its holdings in FirstCash by 67.6% in the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after buying an additional 251,305 shares during the last quarter. Victory Capital Management Inc. increased its holdings in FirstCash by 76.3% in the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after buying an additional 231,379 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in FirstCash by 280.5% during the third quarter. Alliancebernstein L.P. now owns 305,856 shares of the company’s stock valued at $48,454,000 after acquiring an additional 225,466 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FCFS has been the topic of several analyst reports. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. TD Cowen lifted their price objective on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Canaccord Genuity Group upped their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $198.00.
FirstCash Stock Down 2.2%
Shares of FirstCash stock opened at $212.45 on Friday. FirstCash Holdings, Inc. has a 12-month low of $119.21 and a 12-month 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. The stock has a 50 day moving average price of $221.24 and a two-hundred day moving average price of $193.58. The stock has a market capitalization of $9.31 billion, a P/E ratio of 26.62 and a beta of 0.52.
FirstCash (NASDAQ:FCFS – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $2.07 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.
FirstCash Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.42 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 21.05%.
Insider Transactions at FirstCash
In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the completion of the sale, the chief operating officer directly owned 140,846 shares in the company, valued at $32,181,902.54. This represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 transaction, the director owned 6,564 shares of the company’s stock, valued at approximately $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 have sold 27,500 shares of company stock worth $6,243,104. Corporate insiders own 2.86% of the company’s stock.
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.
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