FirstCash Holdings, Inc. $FCFS Shares Sold by Fox Run Management L.L.C.

Key Points

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Fox Run Management L.L.C. lessened its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 52.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,328 shares of the company's stock after selling 3,630 shares during the period. Fox Run Management L.L.C.'s holdings in FirstCash were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCFS. Nuveen LLC purchased a new position in FirstCash in the first quarter valued at about $55,340,000. GAMMA Investing LLC grew its stake in FirstCash by 26,021.8% in the first quarter. GAMMA Investing LLC now owns 259,651 shares of the company's stock valued at $31,241,000 after purchasing an additional 258,657 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in FirstCash by 349.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 294,281 shares of the company's stock valued at $30,488,000 after purchasing an additional 228,784 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of FirstCash during the fourth quarter worth about $21,701,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of FirstCash during the fourth quarter worth about $18,169,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insider Activity at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction that occurred 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 owned 32,481 shares in the company, valued at $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the company'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 completion of the sale, the chief executive officer owned 901,982 shares in the company, valued at approximately $125,673,152.06. This represents a 3.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,900 shares of company stock worth $15,193,007 over the last quarter. Insiders own 14.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FCFS shares. Jefferies Financial Group upgraded FirstCash to a "strong-buy" rating in a research note on Monday, August 18th. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Capital One Financial set a $160.00 price target on FirstCash in a research note on Tuesday, August 5th. Finally, Cowen restated a "buy" rating on shares of FirstCash 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $142.33.

FirstCash Stock Performance

NASDAQ FCFS traded up $5.68 during trading hours on Friday, reaching $144.38. The stock had a trading volume of 509,774 shares, compared to its average volume of 379,095. The stock has a fifty day moving average of $133.26 and a 200 day moving average of $126.18. The stock has a market cap of $6.41 billion, a P/E ratio of 22.18 and a beta of 0.68. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $144.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21.

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

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.42 dividend. This is an increase from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 15th. FirstCash's payout ratio is currently 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.