Villanova Investment Management Co LLC Cuts Stock Holdings in FirstCash Holdings, Inc. $FCFS

Key Points

• Villanova Investment Management Co LLC significantly reduced its stake in FirstCash Holdings, Inc., decreasing their holdings by 65.9%, now owning 5,467 shares valued at approximately $658,000.
• FirstCash recently increased its quarterly dividend from $0.38 to $0.42, resulting in a dividend yield of 1.2% and a payout ratio of 25.81%.
• FirstCash reported a year-over-year revenue increase of 0.0% and beat earnings expectations with $1.79 per share for the latest quarter, surpassing the estimate of $1.66.

Villanova Investment Management Co LLC reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,467 shares of the company's stock after selling 10,561 shares during the period. FirstCash makes up about 1.8% of Villanova Investment Management Co LLC's holdings, making the stock its 21st largest holding. Villanova Investment Management Co LLC's holdings in FirstCash were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC raised its position in FirstCash by 237.2% in the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock valued at $7,467,000 after purchasing an additional 43,653 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of FirstCash during the first quarter worth approximately $294,000. Goldman Sachs Group Inc. raised its holdings in FirstCash by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock valued at $46,866,000 after acquiring an additional 34,364 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in FirstCash in the first quarter valued at approximately $334,000. Finally, Millennium Management LLC lifted its stake in FirstCash by 51.1% in the first quarter. Millennium Management LLC now owns 293,750 shares of the company's stock worth $35,344,000 after acquiring an additional 99,361 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Performance

NASDAQ FCFS opened at $145.53 on Thursday. The company has a fifty day moving average of $137.29 and a two-hundred day moving average of $128.93. The company has a market capitalization of $6.46 billion, a PE ratio of 22.35 and a beta of 0.70. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $150.92. 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, beating 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 return on equity of 16.63% and a net margin of 8.61%.The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. As a group, analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase 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 dividend payout ratio is currently 25.81%.

Insider Transactions at FirstCash

In other news, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction on Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director directly owned 15,846 shares of the company's stock, valued at $2,132,237.76. The trade was a 27.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total transaction of $445,230.00. Following the completion of the sale, the chief financial officer owned 97,567 shares of the company's stock, valued at approximately $14,479,918.47. This trade represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,500 shares of company stock worth $15,493,610. Insiders own 2.93% of the company's stock.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of recent analyst reports. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Loop Capital downgraded shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research note on Friday, September 5th. Cowen restated a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Finally, Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $143.00.

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.

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