Jackson Creek Investment Advisors LLC Invests $971,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,963 shares of the company's stock, valued at approximately $971,000.

Several other large investors have also modified their holdings of the stock. FMR LLC lifted 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 purchasing an additional 145,821 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of FirstCash by 1.0% in the third quarter. Earnest Partners LLC now owns 2,206,042 shares of the company's stock worth $221,442,000 after buying an additional 22,067 shares during the period. Boston Partners increased its position in shares of FirstCash by 43.6% in the third quarter. Boston Partners now owns 511,026 shares of the company's stock worth $51,858,000 after acquiring an additional 155,085 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of FirstCash by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,461 shares of the company's stock valued at $43,611,000 after acquiring an additional 3,617 shares during the period. Finally, Sei Investments Co. lifted its position in shares of FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company's stock valued at $42,837,000 after acquiring an additional 63,219 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FCFS. Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. Loop Capital raised FirstCash from a "hold" rating to a "buy" rating and increased their price objective for the stock from $125.00 to $140.00 in a research note on Monday. Finally, TD Cowen raised FirstCash from a "hold" rating to a "buy" rating and lifted their target price for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th.

FirstCash Stock Down 2.1 %

Shares of NASDAQ:FCFS traded down $2.37 during trading on Tuesday, reaching $112.98. 347,237 shares of the company traded hands, compared to its average volume of 222,584. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64. The company has a quick ratio of 3.03, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.10 billion, a P/E ratio of 22.02 and a beta of 0.62. The firm has a fifty day simple moving average of $121.98 and a 200 day simple moving average of $115.05.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The firm had revenue of $836.40 million during the quarter, compared to analysts' expectations of $846.08 million. During the same quarter last year, the firm earned $1.25 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts anticipate that FirstCash Holdings, Inc. will post 6.79 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. FirstCash's payout ratio is 27.29%.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the sale, the director now directly owns 5,997,680 shares of the company's stock, valued at $703,767,771.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares of the company's stock, valued at approximately $11,010,618.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 19,020 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the transaction, the director now directly owns 5,997,680 shares in the company, valued at $703,767,771.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,984 shares of company stock worth $38,850,386. Insiders own 18.08% of the company's stock.

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.