Los Angeles Capital Management LLC Makes New $1.74 Million Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Los Angeles Capital Management LLC purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,040 shares of the company’s stock, valued at approximately $1,739,000.

A number of other hedge funds have also modified their holdings of FCFS. Monument Capital Management purchased a new position in shares of FirstCash during the 4th quarter valued at $2,135,000. Sei Investments Co. lifted its position in shares of FirstCash by 17.4% in the third 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. FMR LLC lifted its position in shares of FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares in the last quarter. Pathstone Family Office LLC bought a new position in shares of FirstCash in the third quarter worth about $297,000. Finally, Annex Advisory Services LLC grew its position 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 worth $5,551,000 after purchasing an additional 17,486 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FirstCash

In other news, Director Douglas Richard Rippel sold 20,025 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $118.91, for a total value of $2,381,172.75. Following the sale, the director now directly owns 5,885,607 shares in the company, valued at approximately $699,857,528.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 20,025 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $118.91, for a total value of $2,381,172.75. Following the completion of the sale, the director now owns 5,885,607 shares of the company’s stock, valued at $699,857,528.37. The disclosure for this sale can be found here. Insiders sold 283,996 shares of company stock worth $33,488,004 over the last 90 days. 18.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on FCFS. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $140.00 in a report on Monday, April 29th. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th. Finally, Stephens upped their target price on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Price Performance

NASDAQ:FCFS opened at $119.02 on Wednesday. The business’s 50-day moving average is $121.82 and its 200 day moving average is $115.37. FirstCash Holdings, Inc. has a 12 month low of $88.05 and a 12 month high of $133.64. The company has a market capitalization of $5.41 billion, a P/E ratio of 23.20 and a beta of 0.63. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. The business had revenue of $836.40 million for the quarter, compared to analysts’ expectations of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

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.