FirstCash Holdings, Inc. $FCFS Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990,200 shares of the company’s stock after selling 18,970 shares during the period. Dimensional Fund Advisors LP’s holdings in FirstCash were worth $186,175,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of FirstCash by 133.8% in the fourth quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock worth $89,588,000 after purchasing an additional 321,663 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of FirstCash by 67.6% during the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after purchasing an additional 251,305 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 purchasing an additional 225,466 shares in the last quarter. Finally, Candriam S.C.A. acquired a new stake in FirstCash in the first quarter worth about $28,371,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Down 1.2%

FCFS opened at $195.06 on Friday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year 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. The stock’s fifty day moving average is $219.55 and its 200-day moving average is $201.09. The company has a market capitalization of $8.55 billion, a PE ratio of 22.27 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 29.4% on a year-over-year basis. On average, equities analysts predict that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.9%. FirstCash’s payout ratio is 19.18%.

Analyst Ratings Changes

A number of equities analysts 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 Tuesday, June 23rd. Canaccord Genuity Group boosted their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Cowen increased their price objective on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

Insider Buying and Selling

In other news, SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 20,400 shares in the company, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the transaction, the insider owned 32,406 shares of the company’s stock, valued at approximately $7,337,042.46. This trade represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,500 shares of company stock worth $6,243,104 in the last ninety days. Insiders own 2.86% of the company’s stock.

FirstCash News Roundup

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.

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.