FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 776,485 shares of the company’s stock after selling 356,947 shares during the quarter. FirstCash comprises approximately 1.1% of Stephens Investment Management Group LLC’s holdings, making the stock its 24th largest position. Stephens Investment Management Group LLC’s holdings in FirstCash were worth $80,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FCFS. Integrated Investment Consultants LLC grew its holdings in shares of FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock valued at $476,000 after purchasing an additional 105 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of FirstCash by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after acquiring an additional 138 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of FirstCash by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,304 shares of the company’s stock worth $653,000 after acquiring an additional 160 shares during the period. HighTower Advisors LLC raised its stake in shares of FirstCash by 2.7% in the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock valued at $856,000 after acquiring an additional 195 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in FirstCash by 0.9% in the third quarter. Martingale Asset Management L P now owns 21,834 shares of the company’s stock valued at $2,507,000 after purchasing an additional 200 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FCFS. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock. TD Cowen decreased their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

FirstCash Stock Up 1.2 %

Shares of NASDAQ FCFS opened at $113.20 on Friday. The business has a 50-day moving average of $107.72 and a two-hundred day moving average of $110.87. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 19.76 and a beta of 0.67. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. FirstCash’s payout ratio is 26.53%.

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.