DekaBank Deutsche Girozentrale Makes New Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

DekaBank Deutsche Girozentrale purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,200 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also bought and sold shares of FCFS. Sei Investments Co. grew its holdings in shares of FirstCash by 17.4% during the third quarter. Sei Investments Co. now owns 426,752 shares of the company's stock valued at $42,837,000 after buying an additional 63,219 shares during the last quarter. FMR LLC grew its holdings in shares of FirstCash by 2.3% during the third quarter. FMR LLC now owns 6,556,669 shares of the company's stock valued at $658,158,000 after buying an additional 145,821 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of FirstCash during the third quarter valued at $297,000. Annex Advisory Services LLC grew its holdings in shares of FirstCash by 46.2% during the third quarter. Annex Advisory Services LLC now owns 55,304 shares of the company's stock valued at $5,551,000 after buying an additional 17,486 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in FirstCash by 20.6% in the third quarter. Victory Capital Management Inc. now owns 379,994 shares of the company's stock valued at $38,144,000 after purchasing an additional 64,867 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 17,395 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the sale, the director now owns 5,466,973 shares of the company's stock, valued at approximately $649,093,704.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the sale, the chief financial officer now owns 94,715 shares of the company's stock, valued at approximately $11,010,618.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas Richard Rippel sold 17,395 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the sale, the director now directly owns 5,466,973 shares of the company's stock, valued at approximately $649,093,704.29. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 in the last 90 days. Insiders own 18.08% of the company's stock.

FirstCash Price Performance

Shares of FCFS traded down $0.75 during mid-day trading on Tuesday, hitting $130.32. 201,526 shares of the company were exchanged, compared to its average volume of 199,692. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The company has a 50 day moving average of $120.77 and a 200-day moving average of $113.38. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 27.15 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The firm had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same quarter in the prior year, the firm earned $1.65 EPS. The company's revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that FirstCash Holdings, Inc. will post 6.93 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. FirstCash's dividend payout ratio (DPR) is presently 29.17%.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. TD Cowen raised shares of FirstCash from a "hold" rating to a "buy" rating and upped their price target for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens upped their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, February 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.