Stephens Investment Management Group LLC trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 848,900 shares of the company's stock after selling 39,934 shares during the period. FirstCash accounts for about 1.5% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 8th biggest holding. Stephens Investment Management Group LLC owned about 1.91% of FirstCash worth $114,720,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. CX Institutional lifted its position in FirstCash by 24.7% during the 2nd quarter. CX Institutional now owns 434 shares of the company's stock valued at $59,000 after acquiring an additional 86 shares during the period. Xponance Inc. increased its stake in FirstCash by 1.6% during the 1st quarter. Xponance Inc. now owns 5,552 shares of the company's stock valued at $668,000 after purchasing an additional 87 shares in the last quarter. Sendero Wealth Management LLC increased its stake in FirstCash by 1.2% during the 2nd quarter. Sendero Wealth Management LLC now owns 7,580 shares of the company's stock valued at $1,024,000 after purchasing an additional 88 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in FirstCash by 1.6% during the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock valued at $693,000 after purchasing an additional 90 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of FirstCash by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company's stock worth $1,121,000 after acquiring an additional 100 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on FCFS. Wall Street Zen upgraded shares of FirstCash from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of FirstCash in a research note on Wednesday, October 8th. Cowen reiterated a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Loop Capital lowered shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research report on Friday, September 5th. Finally, Capital One Financial set a $160.00 target price on shares of FirstCash in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $154.40.
Check Out Our Latest Stock Analysis on FCFS
Insider Transactions at FirstCash
In other FirstCash news, CFO R Douglas Orr sold 4,000 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total transaction of $638,560.00. Following the transaction, the chief financial officer owned 93,567 shares in the company, valued at $14,937,035.88. The trade was a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick L. Wessel sold 69,024 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total transaction of $9,559,133.76. Following the transaction, the chief executive officer owned 932,958 shares in the company, valued at $129,205,353.42. This trade represents a 6.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,000 shares of company stock valued at $16,690,723. 14.77% of the stock is currently owned by corporate insiders.
FirstCash Stock Performance
FCFS opened at $153.38 on Wednesday. The firm has a market cap of $6.81 billion, a P/E ratio of 23.56 and a beta of 0.69. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $163.01. The company has a 50 day simple moving average of $149.12 and a two-hundred day simple moving average of $136.20. 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 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 business had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company's revenue was up .0% on a year-over-year basis. Equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.
About FirstCash
(
Free Report)
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.
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