FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.6% during the 4th quarter, Holdings Channel reports. The fund owned 8,502 shares of the company’s stock after acquiring an additional 1,016 shares during the quarter. HighTower Advisors LLC’s holdings in FirstCash were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its holdings in shares of FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock valued at $1,050,000 after purchasing an additional 138 shares during the period. Charles Schwab Investment Management Inc. grew its position in FirstCash by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after buying an additional 37,810 shares in the last quarter. Citigroup Inc. grew its position in FirstCash by 137.2% in the 3rd quarter. Citigroup Inc. now owns 34,143 shares of the company’s stock valued at $3,920,000 after buying an additional 19,749 shares in the last quarter. Algert Global LLC raised its position in shares of FirstCash by 21.8% during the 3rd quarter. Algert Global LLC now owns 12,450 shares of the company’s stock worth $1,429,000 after buying an additional 2,230 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after acquiring an additional 1,037,601 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Trading Down 0.0 %

Shares of FirstCash stock opened at $120.15 on Friday. The business has a fifty day simple moving average of $114.43 and a 200-day simple moving average of $110.93. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 20.97 and a beta of 0.63. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.27%. FirstCash’s dividend payout ratio (DPR) is 26.53%.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

Insiders Place Their Bets

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

FirstCash 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.