Fiduciary Management Inc. WI Trims Stock Holdings in FirstCash Holdings, Inc. $FCFS

Key Points

• Fiduciary Management Inc. WI reduced its stake in FirstCash Holdings, Inc. by 0.7%, selling 8,492 shares, while still owning 1,295,041 shares valued at $155.8 million.
• FirstCash recently declared a dividend increase to $0.42 per share, with a dividend yield of 1.2%, up from its previous quarterly dividend of $0.38.
• Analysts have mixed ratings on FirstCash stocks, with a consensus rating of "Buy" and a price target averaging $142.33, highlighting potential growth amidst fluctuating market conditions.

Fiduciary Management Inc. WI decreased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,295,041 shares of the company's stock after selling 8,492 shares during the quarter. Fiduciary Management Inc. WI owned 2.92% of FirstCash worth $155,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FCFS. Farther Finance Advisors LLC lifted its position in FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock worth $27,000 after buying an additional 202 shares during the last quarter. CX Institutional bought a new stake in FirstCash in the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its position in FirstCash by 167.5% in the first quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after purchasing an additional 283 shares during the last quarter. Quarry LP lifted its position in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the last quarter. Finally, CWM LLC lifted its position in FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

FCFS has been the subject of several recent research reports. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Jefferies Financial Group upgraded FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Cowen reiterated a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. Finally, Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $142.33.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rick L. Wessel sold 30,976 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the sale, the chief executive officer directly owned 901,982 shares in the company, valued at approximately $125,673,152.06. The trade was a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,900 shares of company stock valued at $15,193,007 over the last ninety days. Company insiders own 2.93% of the company's stock.

FirstCash Trading Down 0.2%

Shares of FCFS traded down $0.31 during mid-day trading on Tuesday, hitting $147.25. 209,831 shares of the company's stock traded hands, compared to its average volume of 306,863. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $148.27. The firm has a market capitalization of $6.53 billion, a P/E ratio of 22.62 and a beta of 0.68. The business's 50-day moving average price is $133.60 and its 200-day moving average price is $126.42.

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

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. This is a boost from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, August 15th. FirstCash's payout ratio is presently 25.81%.

FirstCash 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.