Boston Partners Raises Stock Holdings in FirstCash Holdings, Inc. $FCFS

Key Points

• Boston Partners has increased its stake in FirstCash Holdings, Inc. by 6.5%, owning 650,458 shares valued at approximately $78.4 million after purchasing an additional 39,537 shares.
• FirstCash recently announced a quarterly dividend increase to $0.42 per share, with a current annualized yield of 1.2%.
• Analysts have set a price objective of $160.00 on FirstCash shares, which currently trade around $139.34, reflecting recent upgrades and a recent earnings report beating estimates.

Boston Partners boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,458 shares of the company's stock after buying an additional 39,537 shares during the period. Boston Partners owned approximately 1.47% of FirstCash worth $78,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FCFS. Farther Finance Advisors LLC raised its position in shares of FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock worth $27,000 after buying an additional 202 shares in the last quarter. CX Institutional bought a new stake in FirstCash in the first quarter valued at approximately $42,000. UMB Bank n.a. raised its stake in shares of FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after acquiring an additional 283 shares during the last quarter. Quarry LP raised its holdings 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 acquiring an additional 513 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of FirstCash by 92.9% during the 1st quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after purchasing an additional 249 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FCFS. Cowen restated a "buy" rating on shares of FirstCash in a report on Monday. Capital One Financial set a $160.00 target price on shares of FirstCash in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, FirstCash presently has a consensus rating of "Buy" and an average price target of $142.33.

FirstCash Stock Up 0.4%

Shares of FirstCash stock traded up $0.52 during trading on Tuesday, hitting $138.97. 51,349 shares of the stock traded hands, compared to its average volume of 303,968. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $141.56. The stock's fifty day simple moving average is $132.54 and its 200 day simple moving average is $125.39. The firm has a market cap of $6.17 billion, a P/E ratio of 21.35 and a beta of 0.68. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. During the same quarter in the previous year, the business posted $1.37 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.42 per share. This is a boost from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date is Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.2%. FirstCash's dividend payout ratio (DPR) is presently 25.81%.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total transaction of $510,627.00. Following the transaction, the insider directly owned 32,481 shares of the company's stock, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James H. Graves sold 6,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the completion of the sale, the director owned 15,846 shares of the company's stock, valued at approximately $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

FirstCash Company Profile

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.