Atlas FRM LLC purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 270,000 shares of the company's stock, valued at approximately $58,406,400. FirstCash comprises 0.0% of Atlas FRM LLC's holdings, making the stock its 12th largest position. Atlas FRM LLC owned approximately 0.62% of FirstCash as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in FirstCash in the 2nd quarter worth $1,088,429,000. Price T Rowe Associates Inc. MD raised its holdings in FirstCash by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company's stock worth $186,361,000 after purchasing an additional 312,132 shares during the period. Geode Capital Management LLC raised its holdings in FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company's stock worth $166,367,000 after purchasing an additional 31,550 shares during the period. Dimensional Fund Advisors LP raised its holdings in FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company's stock worth $160,850,000 after purchasing an additional 5,626 shares during the period. Finally, Sei Investments Co. raised its holdings in FirstCash by 2.2% in the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company's stock worth $149,273,000 after purchasing an additional 17,177 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Zacks Research cut FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Loop Capital raised FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price on the stock in a report on Monday, August 10th. Weiss Ratings cut FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Finally, TD Cowen raised 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $249.00.
View Our Latest Report on FirstCash
Insiders Place Their Bets
In related news, insider Howard F. Hambleton sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the sale, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares of the company's stock, valued at $4,594,692. The trade was a 25.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,183 shares of company stock worth $3,761,228 over the last three months. 2.86% of the stock is currently owned by corporate insiders.
FirstCash Price Performance
NASDAQ:FCFS opened at $219.21 on Friday. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The business's 50-day simple moving average is $214.22 and its two-hundred day simple moving average is $208.69. The stock has a market cap of $9.51 billion, a PE ratio of 25.02 and a beta of 0.53. FirstCash Holdings, Inc. has a 52 week low of $144.56 and a 52 week high of $238.93.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results 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. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business's revenue was up 29.4% compared to the same quarter last year. As a group, analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.
FirstCash Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash's payout ratio is 19.18%.
FirstCash Profile
(
Free Report)
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.
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