FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,461 shares of the company’s stock after purchasing an additional 2,271 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstCash were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FCFS. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of FirstCash by 86.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after acquiring an additional 205 shares during the last quarter. Headinvest LLC acquired a new position in FirstCash in the 3rd quarter valued at $50,000. Parkside Financial Bank & Trust lifted its holdings in FirstCash by 39.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock valued at $70,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd boosted its stake in FirstCash by 16.2% during the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock worth $99,000 after purchasing an additional 137 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of FirstCash by 20.5% during the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock worth $157,000 after buying an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and raised their price target for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens upped their price target on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Stock Up 1.0 %

Shares of FCFS opened at $115.71 on Monday. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.22 billion, a P/E ratio of 22.56 and a beta of 0.62. The company’s 50-day moving average price is $122.13 and its 200 day moving average price is $114.85. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, sell-side analysts forecast that FirstCash Holdings, Inc. will post 6.79 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, May 14th. FirstCash’s payout ratio is currently 27.29%.

Insider Buying and Selling

In other news, Director Douglas Richard Rippel sold 21,852 shares of FirstCash stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the transaction, the director now owns 5,502,761 shares in the company, valued at approximately $659,781,043.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other FirstCash news, Director Douglas Richard Rippel sold 21,852 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the sale, the director now directly owns 5,502,761 shares in the company, valued at $659,781,043.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares in the company, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders sold 329,984 shares of company stock valued at $38,850,386 in the last three months. 18.08% of the stock is owned by corporate insiders.

About FirstCash

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.