Dimensional Fund Advisors LP Has $121.23 Million Position in FirstCash Holdings, Inc. $FCFS

Key Points

• Dimensional Fund Advisors LP has reduced its stake in FirstCash Holdings by 3.4%, now owning approximately 2.27% of the company, valued at around $121 million.
• FirstCash recently increased its quarterly dividend from $0.38 to $0.42, resulting in an annualized dividend yield of 1.2%.
• Analyst ratings for FirstCash have improved, with Jefferies Financial Group upgrading the stock to a "strong-buy" rating and a consensus price target of $142.33.

Dimensional Fund Advisors LP reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,007,567 shares of the company's stock after selling 35,964 shares during the period. Dimensional Fund Advisors LP owned 2.27% of FirstCash worth $121,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after purchasing an additional 202 shares during the last quarter. CX Institutional acquired a new position in shares of FirstCash in the first quarter valued at about $42,000. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 283 shares in the last quarter. CWM LLC grew its stake in shares of FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after acquiring an additional 249 shares in the last quarter. Finally, Quarry LP grew its stake in shares of FirstCash by 986.5% in 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. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Rick L. Wessel sold 30,976 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $139.33, for a total value of $4,315,886.08. Following the sale, the chief executive officer directly owned 901,982 shares in the company, valued at approximately $125,673,152.06. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of the sale, the insider owned 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,900 shares of company stock worth $15,193,007. Corporate insiders own 2.93% of the company's stock.

FirstCash Price Performance

FirstCash stock traded up $1.35 during trading hours on Wednesday, reaching $148.60. 294,185 shares of the stock were exchanged, compared to its average volume of 362,943. The company has a market cap of $6.59 billion, a P/E ratio of 22.83 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 Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $148.75. The stock has a 50 day moving average of $134.36 and a two-hundred day moving average of $126.72.

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

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 15th. This is an increase from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

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

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.