ProShare Advisors LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Rating) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,026 shares of the company’s stock after purchasing an additional 1,131 shares during the period. ProShare Advisors LLC’s holdings in FirstCash were worth $871,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in FCFS. Quadrant Capital Group LLC boosted its position in shares of FirstCash by 32.4% in the third quarter. Quadrant Capital Group LLC now owns 605 shares of the company’s stock worth $44,000 after buying an additional 148 shares during the period. Allworth Financial LP boosted its holdings in FirstCash by 49.5% in the 3rd quarter. Allworth Financial LP now owns 453 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the period. Financial Management Professionals Inc. grew its position in FirstCash by 22.7% in the fourth quarter. Financial Management Professionals Inc. now owns 966 shares of the company’s stock valued at $84,000 after acquiring an additional 179 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of FirstCash by 1.0% during the fourth quarter. Yousif Capital Management LLC now owns 18,684 shares of the company’s stock valued at $1,624,000 after purchasing an additional 190 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of FirstCash by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the company’s stock worth $188,000 after purchasing an additional 254 shares in the last quarter. 78.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on FCFS shares. StockNews.com assumed coverage on shares of FirstCash in a report on Thursday, March 16th. They set a “buy” rating for the company. Barclays dropped their target price on FirstCash from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 14th. Finally, Stephens raised FirstCash from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $105.00 to $120.00 in a report on Thursday, January 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.20.
FirstCash Price Performance
Shares of FCFS stock opened at $95.31 on Thursday. The firm has a fifty day moving average of $94.29 and a two-hundred day moving average of $91.10. The firm has a market cap of $4.41 billion, a P/E ratio of 17.75 and a beta of 0.82. FirstCash Holdings, Inc. has a 1-year low of $63.43 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.83 and a quick ratio of 2.85.
FirstCash (NASDAQ:FCFS – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.09. FirstCash had a return on equity of 13.53% and a net margin of 9.29%. The firm had revenue of $749.34 million during the quarter, compared to analyst estimates of $752.47 million. During the same period in the previous year, the company earned $1.52 earnings per share. FirstCash’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 5.93 earnings per share for the current fiscal year.
FirstCash Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were given a $0.33 dividend. The ex-dividend date was Monday, February 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.38%. FirstCash’s payout ratio is currently 24.58%.
Insider Activity at FirstCash
In other FirstCash news, Director Douglas Richard Rippel sold 16,902 shares of FirstCash stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $91.21, for a total value of $1,541,631.42. Following the completion of the transaction, the director now directly owns 7,077,836 shares in the company, valued at $645,569,421.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 63,872 shares of company stock valued at $5,818,806 in the last quarter. Insiders own 19.35% of the company’s stock.
FirstCash Company Profile
FirstCash Holdings, Inc operates retail pawn stores in the United States and Latin America. 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.