Aristotle Capital Management LLC Cuts Holdings in FirstCash Holdings, Inc. $FCFS

Aristotle Capital Management LLC decreased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 17.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 209,714 shares of the company’s stock after selling 45,059 shares during the quarter. Aristotle Capital Management LLC’s holdings in FirstCash were worth $39,426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Villanova Investment Management Co LLC increased its stake in FirstCash by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock valued at $2,037,000 after acquiring an additional 54 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock valued at $46,000 after purchasing an additional 56 shares in the last quarter. Ascent Group LLC boosted its holdings in FirstCash by 6.0% during the 4th quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock valued at $227,000 after acquiring an additional 81 shares during the period. Pullen Investment Management LLC boosted its holdings in FirstCash by 0.4% during the 4th quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock valued at $3,230,000 after acquiring an additional 87 shares during the period. Finally, Yousif Capital Management LLC boosted its position in FirstCash by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock valued at $1,393,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ:FCFS opened at $195.06 on Friday. The firm has a market capitalization of $8.55 billion, a PE ratio of 22.27 and a beta of 0.53. The stock’s fifty day moving average is $219.55 and its 200 day moving average is $201.09. FirstCash Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.42 and a current ratio of 4.89.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. FirstCash’s dividend payout ratio (DPR) is 21.05%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Canaccord Genuity Group raised their price target on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, TD Cowen increased their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and an average target price of $199.25.

Key Stories Impacting FirstCash

Here are the key news stories impacting FirstCash this week:

• Positive Sentiment: FirstCash posted record second-quarter results, with EPS of $2.50 beating estimates of $2.39 and revenue of $1.07 billion topping the $1.03 billion consensus. Management also said pawn demand helped drive a 58% increase in GAAP EPS and a 40% increase in adjusted EPS. Article Title
• Positive Sentiment: The company declared a quarterly dividend of $0.42 per share, signaling continued cash generation and shareholder returns. Article Title
• Positive Sentiment: FirstCash also authorized a new $150 million share repurchase plan after completing its prior program, which can support earnings per share and investor confidence. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful short position reported, so it does not add a clear new catalyst for the shares.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares in the company, valued at approximately $8,121,980.86. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is currently owned by company insiders.

FirstCash 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.