Natixis Advisors LLC Boosts Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Key Points

• Natixis Advisors LLC increased its stake in FirstCash Holdings, Inc. by 20.7%, owning 211,538 shares valued at $25.45 million, while institutional investors collectively hold 80.30% of the company's stock.
• FirstCash reported earnings of $1.79 per share for the last quarter, exceeding expectations, with revenue reaching $830.62 million, significantly higher than analysts' forecasts of $820.42 million.
• The company announced a quarterly dividend increase to $0.42, up from $0.38, indicating a positive outlook with an annualized yield of 1.3%.

Natixis Advisors LLC grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 20.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 211,538 shares of the company's stock after buying an additional 36,233 shares during the period. Natixis Advisors LLC owned approximately 0.48% of FirstCash worth $25,452,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Earnest Partners LLC grew its stake in shares of FirstCash by 2.3% during the fourth quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock valued at $242,286,000 after purchasing an additional 52,409 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in FirstCash by 76.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after acquiring an additional 563,265 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in FirstCash by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after acquiring an additional 9,264 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in FirstCash by 14.5% in the first quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock valued at $106,945,000 after acquiring an additional 112,349 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in FirstCash by 14.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 640,521 shares of the company's stock valued at $77,067,000 after acquiring an additional 79,930 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Performance

Shares of FCFS traded down $1.47 during midday trading on Tuesday, reaching $133.28. The stock had a trading volume of 299,753 shares, compared to its average volume of 308,547. The firm has a 50 day simple moving average of $130.61 and a 200-day simple moving average of $123.68. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $138.42. The firm has a market cap of $5.91 billion, a PE ratio of 20.47 and a beta of 0.68. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79.

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

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. This is a boost from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio is presently 23.35%.

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 shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.77% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.

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.