Price T Rowe Associates Inc. MD Purchases 3,846 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Price T Rowe Associates Inc. MD grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,989 shares of the company's stock after purchasing an additional 3,846 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of FirstCash worth $2,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FCFS. Rialto Wealth Management LLC bought a new position in FirstCash during the fourth quarter worth about $31,000. J.Safra Asset Management Corp lifted its position in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after purchasing an additional 127 shares during the last quarter. Hurley Capital LLC purchased a new position in shares of FirstCash during the fourth quarter worth approximately $74,000. R Squared Ltd purchased a new position in shares of FirstCash during the fourth quarter worth approximately $92,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.93% of the stock is currently owned by company insiders.

FirstCash Trading Down 0.9%

NASDAQ:FCFS traded down $1.18 during trading hours on Friday, hitting $132.75. The company had a trading volume of 282,820 shares, compared to its average volume of 274,703. The company has a market capitalization of $5.89 billion, a PE ratio of 23.17 and a beta of 0.63. The stock has a 50-day moving average price of $122.40 and a 200 day moving average price of $113.48. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $135.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million for the quarter, compared to analysts' expectations of $837.11 million. During the same quarter in the previous year, the business posted $1.55 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash's payout ratio is 24.32%.

Analyst Ratings Changes

FCFS has been the topic of several analyst reports. Stephens reaffirmed an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th. StockNews.com raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd.

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.