FirstCash Holdings, Inc. $FCFS Shares Bought by LPL Financial LLC

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 grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 13.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,797 shares of the company's stock after buying an additional 3,354 shares during the period. LPL Financial LLC owned 0.06% of FirstCash worth $3,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also 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 purchasing an additional 202 shares during the period. CX Institutional purchased a new stake in shares of FirstCash in the first quarter valued at about $42,000. UMB Bank n.a. grew its holdings in shares of FirstCash by 167.5% in 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 shares of FirstCash by 986.5% in 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 shares of FirstCash by 92.9% in 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FCFS. Cowen reissued a "buy" rating on shares of FirstCash in a report on Monday. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Capital One Financial set a $160.00 target price on shares of FirstCash in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $142.33.

Insider Activity at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 of the company's stock, valued at $4,252,737.33. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Graves sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the sale, the director directly owned 15,846 shares in the company, valued at approximately $2,132,237.76. This trade represents a 27.46% decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Stock Down 0.6%

Shares of NASDAQ FCFS traded down $0.82 during midday trading on Tuesday, hitting $137.63. The company's stock had a trading volume of 135,456 shares, compared to its average volume of 304,529. The business's fifty day simple moving average is $132.54 and its two-hundred day simple moving average is $125.39. 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 Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $141.56. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 21.14 and a beta of 0.68.

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

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is 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 dividend yield of 1.2%. FirstCash's payout ratio is 25.81%.

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.