Landscape Capital Management L.L.C. Buys Shares of 51,575 FirstCash Holdings, Inc. $FCFS

Key Points

• Landscape Capital Management L.L.C. invested $6.21 million in FirstCash Holdings, Inc., acquiring 51,575 shares and holding 0.12% of the company as of the latest quarter.
• FirstCash announced an increase in its quarterly dividend from $0.38 to $0.42 per share, reflecting a 1.1% yield and a payout ratio of 25.81%.
• In its recent earnings report, FirstCash beat consensus estimates with an earnings per share of $1.79, alongside revenue of $830.62 million for the quarter, indicating growth compared to the previous year.

Landscape Capital Management L.L.C. bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 51,575 shares of the company's stock, valued at approximately $6,206,000. Landscape Capital Management L.L.C. owned approximately 0.12% of FirstCash at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Xponance Inc. grew its position in FirstCash by 1.6% in the 1st quarter. Xponance Inc. now owns 5,552 shares of the company's stock valued at $668,000 after acquiring an additional 87 shares in the last quarter. MBM Wealth Consultants LLC grew its position in FirstCash by 1.6% in the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock valued at $693,000 after acquiring an additional 90 shares in the last quarter. State of Michigan Retirement System grew its position in FirstCash by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 9,315 shares of the company's stock valued at $1,121,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in FirstCash by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock valued at $1,311,000 after acquiring an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in FirstCash by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company's stock valued at $1,029,000 after acquiring an additional 120 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James H. Graves sold 6,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the transaction, the director owned 15,846 shares of the company's stock, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,900 shares of company stock valued at $15,193,007. Company insiders own 2.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FCFS shares. Cowen reaffirmed a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. 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 raised FirstCash to a "strong-buy" rating 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 research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat, FirstCash currently has an average rating of "Buy" and a consensus target price of $142.33.

FirstCash Stock Down 0.3%

Shares of FirstCash stock traded down $0.50 on Monday, reaching $147.27. 354,445 shares of the company were exchanged, compared to its average volume of 295,121. The stock's 50 day moving average price is $135.10 and its 200-day moving average price is $127.32. The company has a market cap of $6.53 billion, a P/E ratio of 22.62 and a beta of 0.70. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $148.94. 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 posted its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. The firm had revenue of $830.62 million during the quarter, compared to analysts' expectations of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, August 15th. This is a positive change from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.1%. FirstCash's dividend payout ratio (DPR) is presently 25.81%.

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.