LPL Financial LLC Grows Stock Holdings in FirstCash Holdings, Inc. $FCFS

Key Points

• LPL Financial LLC increased its stake in FirstCash Holdings, Inc. by 13.7%, owning approximately 27,797 shares valued at $3.34 million.
• FirstCash recently declared a $0.42 per share quarterly dividend, an increase from the previous $0.38, with a payout ratio of 25.81%.
• Shares of FirstCash are currently down 2.0%, with a market cap of $6.06 billion, and have seen a 12 month high of $141.56.

LPL Financial LLC increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,797 shares of the company's stock after acquiring an additional 3,354 shares during the period. LPL Financial LLC owned about 0.06% of FirstCash worth $3,342,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FCFS. Farther Finance Advisors LLC grew 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 acquiring an additional 202 shares in the last quarter. CX Institutional bought a new position in FirstCash during the first quarter valued at $42,000. UMB Bank n.a. grew its holdings in FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after purchasing an additional 283 shares during the period. Quarry LP grew its holdings in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the period. Finally, CWM LLC grew its holdings in FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after purchasing an additional 249 shares during the period. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James H. Graves sold 6,000 shares of the stock in a transaction on 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 owned 15,846 shares in the company, valued at approximately $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rick L. Wessel sold 30,976 shares of the firm's stock in a transaction dated 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 owned 901,982 shares in the company, valued at $125,673,152.06. The trade was a 3.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,900 shares of company stock worth $15,193,007. Corporate insiders own 2.93% of the company's stock.

FirstCash Stock Performance

Shares of FirstCash stock traded down $0.41 during trading hours on Thursday, reaching $138.70. The company had a trading volume of 403,384 shares, compared to its average volume of 385,679. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $141.56. The business has a fifty day simple moving average of $132.98 and a 200 day simple moving average of $125.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The firm has a market cap of $6.15 billion, a PE ratio of 21.31 and a beta of 0.68.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued 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. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. During the same quarter last year, the business posted $1.37 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. On average, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The firm also recently disclosed 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 represents a $1.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date is Friday, August 15th. FirstCash's dividend payout ratio (DPR) is 25.81%.

Wall Street Analyst Weigh In

FCFS has been the subject of several research reports. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a report on Monday. Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Cowen reissued a "buy" rating on shares of FirstCash in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $142.33.

FirstCash Company 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.