Point72 Asia Singapore Pte. Ltd. Takes $54,000 Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 519 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in FirstCash by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after acquiring an additional 219,983 shares during the last quarter. Earnest Partners LLC raised its holdings in FirstCash by 0.6% during the 1st quarter. Earnest Partners LLC now owns 2,288,464 shares of the company’s stock valued at $291,871,000 after buying an additional 14,283 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after acquiring an additional 15,780 shares during the period. Hood River Capital Management LLC raised its stake in shares of FirstCash by 6.3% during the first quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after acquiring an additional 52,362 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of FirstCash by 3.2% during the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after purchasing an additional 19,868 shares during the period. 80.30% of the stock is currently owned by institutional investors.

FirstCash Trading Up 0.3 %

Shares of NASDAQ FCFS opened at $114.80 on Tuesday. The firm’s 50 day moving average price is $115.62 and its 200-day moving average price is $116.15. FirstCash Holdings, Inc. has a 52-week low of $97.81 and a 52-week high of $133.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. The company has a market cap of $5.22 billion, a PE ratio of 22.38 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.38 per share. This is an increase from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.32%. FirstCash’s payout ratio is presently 29.63%.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 600 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the sale, the director now directly owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total value of $72,042.00. Following the sale, the director now directly owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,154 shares of company stock worth $1,912,562. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on FirstCash in a research note on Friday, June 7th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.00.

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.