Interval Partners LP Has $4.23 Million Stake in FirstCash Holdings, Inc. $FCFS

Key Points

• Interval Partners LP reduced its stake in FirstCash Holdings by 43.8%, now owning 35,117 shares valued at approximately $4.2 million.
• FirstCash recently reported quarterly earnings of $1.79 per share, exceeding analysts' expectations of $1.66, and posted a revenue of $830.62 million.
• The company declared a quarterly dividend of $0.42 per share, marking an increase from the previous $0.38 dividend, with a current payout ratio of 25.81%.

Interval Partners LP lessened its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 43.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,117 shares of the company's stock after selling 27,368 shares during the quarter. Interval Partners LP owned about 0.08% of FirstCash worth $4,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCFS. Nuveen LLC acquired a new stake in FirstCash in the 1st quarter valued at about $55,340,000. GAMMA Investing LLC boosted its stake in shares of FirstCash by 26,021.8% in the 1st 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. boosted its stake in shares of FirstCash by 349.3% in the 4th 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 bought a new position in shares of FirstCash in the 4th quarter valued at about $21,701,000. Finally, Millennium Management LLC boosted its stake in shares of FirstCash by 332.5% in the 4th quarter. Millennium Management LLC now owns 194,389 shares of the company's stock valued at $20,139,000 after purchasing an additional 149,439 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Trading Down 1.0%

Shares of NASDAQ FCFS traded down $1.45 during midday trading on Tuesday, reaching $146.47. 157,777 shares of the stock were exchanged, compared to its average volume of 303,677. The business has a 50-day simple moving average of $136.90 and a two-hundred day simple moving average of $128.69. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 22.50 and a beta of 0.70. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $150.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

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

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 15th. 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 1.1%. FirstCash's payout ratio is presently 25.81%.

Insider Buying and Selling at FirstCash

In other news, Director James H. Graves sold 6,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $134.56, for a total value of $807,360.00. Following the sale, the director directly owned 15,846 shares in the company, valued at $2,132,237.76. The trade was a 27.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rick L. Wessel sold 69,024 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total value of $9,559,133.76. Following the transaction, the chief executive officer owned 932,958 shares of the company's stock, valued at approximately $129,205,353.42. The trade was a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,500 shares of company stock valued at $15,493,610. 14.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FCFS. Capital One Financial set a $160.00 target price on shares of FirstCash in a research report on Tuesday, August 5th. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Loop Capital lowered FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Friday. Jefferies Financial Group upgraded FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Finally, Cowen reaffirmed 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, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $143.00.

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.