Aristotle Capital Management LLC decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 324,659 shares of the company's stock after selling 25,707 shares during the period. Aristotle Capital Management LLC owned approximately 0.73% of FirstCash worth $33,635,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the 4th quarter worth about $31,000. J.Safra Asset Management Corp lifted its holdings in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares in the last quarter. Quarry LP boosted its position in shares of FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after buying an additional 513 shares during the last quarter. Hurley Capital LLC bought a new stake in FirstCash during the fourth quarter worth $74,000. Finally, R Squared Ltd purchased a new stake in FirstCash in the 4th quarter valued at $92,000. 80.30% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on FCFS. StockNews.com upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Stephens reiterated an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.
Read Our Latest Research Report on FCFS
FirstCash Stock Performance
Shares of NASDAQ FCFS traded up $1.01 during midday trading on Thursday, hitting $134.46. The company's stock had a trading volume of 72,645 shares, compared to its average volume of 272,612. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $135.57. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 23.47 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average price of $121.52 and a 200 day moving average price of $113.08.
FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The company had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. During the same period in the previous year, the business earned $1.55 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.
FirstCash Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.13%. FirstCash's dividend payout ratio (DPR) is currently 24.32%.
Insider Buying and Selling
In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.77% of the stock is currently owned by company insiders.
FirstCash Profile
(
Free Report)
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.
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