FirstCash Holdings, Inc. $FCFS Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake in FirstCash by 2.2%, selling 90,876 shares and now owning 4,006,080 shares (about 9.08% of the company) valued at roughly $638.5 million.
• FirstCash beat quarterly expectations, reporting EPS of $2.69 versus a $2.30 estimate and revenue of $1.05 billion versus $1.00 billion, with revenue up 25.7% year-over-year.
• The company declared a $0.42 quarterly dividend (annualized $1.68, yield 0.8%) payable May 29, while insiders have sold 28,000 shares in the past 90 days and now own 14.77% of the stock.

Vanguard Group Inc. lessened its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,006,080 shares of the company's stock after selling 90,876 shares during the quarter. Vanguard Group Inc. owned about 9.08% of FirstCash worth $638,489,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in FirstCash by 96.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 240,441 shares of the company's stock worth $38,091,000 after buying an additional 117,788 shares during the period. Stephens Investment Management Group LLC lifted its stake in FirstCash by 1.0% during the third quarter. Stephens Investment Management Group LLC now owns 857,510 shares of the company's stock worth $135,847,000 after purchasing an additional 8,610 shares during the last quarter. Coastal Bridge Advisors LLC purchased a new stake in FirstCash during the third quarter worth approximately $1,361,000. Mirabella Financial Services LLP purchased a new stake in FirstCash during the third quarter worth approximately $3,463,000. Finally, Victory Capital Management Inc. lifted its stake in FirstCash by 76.3% in the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company's stock valued at $84,687,000 after buying an additional 231,379 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $219.93 on Monday. The stock's 50-day moving average price is $197.12 and its two-hundred day moving average price is $175.49. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $227.26. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 27.56 and a beta of 0.52.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company's revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS. On average, research analysts forecast that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash's payout ratio is currently 21.05%.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 4,000 shares of the firm's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total transaction of $740,480.00. Following the sale, the insider directly owned 35,406 shares in the company, valued at approximately $6,554,358.72. This trade represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total value of $365,980.00. Following the sale, the chief financial officer owned 36,734 shares in the company, valued at approximately $6,721,954.66. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,000 shares of company stock valued at $5,110,085. Corporate insiders own 14.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FCFS shares. Weiss Ratings cut FirstCash from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Monday, April 27th. Wall Street Zen raised FirstCash from a "buy" rating to a "strong-buy" rating in a report on Saturday. Canaccord Genuity Group upped their price objective on FirstCash from $242.00 to $252.00 and gave the stock a "buy" rating in a report on Friday, April 24th. TD Cowen upped their target price on FirstCash from $205.00 to $235.00 and gave the company a "buy" rating in a report on Friday, April 24th. Finally, Zacks Research raised FirstCash from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $198.00.

FirstCash Profile

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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