Stephens Investment Management Group LLC Has $112.22 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stephens Investment Management Group LLC lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,176,697 shares of the company’s stock after acquiring an additional 16,820 shares during the period. FirstCash makes up about 1.9% of Stephens Investment Management Group LLC’s holdings, making the stock its 3rd largest holding. Stephens Investment Management Group LLC owned 2.59% of FirstCash worth $112,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in FirstCash by 74.6% during the first quarter. Parkside Financial Bank & Trust now owns 489 shares of the company’s stock valued at $47,000 after buying an additional 209 shares during the period. Covestor Ltd boosted its stake in FirstCash by 87.3% during the first quarter. Covestor Ltd now owns 691 shares of the company’s stock valued at $49,000 after buying an additional 322 shares during the period. CI Investments Inc. bought a new stake in FirstCash during the fourth quarter valued at $56,000. EverSource Wealth Advisors LLC boosted its stake in FirstCash by 620.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock valued at $68,000 after buying an additional 670 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in FirstCash during the fourth quarter valued at $69,000. 77.28% of the stock is owned by institutional investors.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 37,024 shares of FirstCash stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $99.97, for a total value of $3,701,289.28. Following the transaction, the director now owns 6,983,280 shares in the company, valued at $698,118,501.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 121,222 shares of company stock worth $12,066,325. Company insiders own 18.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on FirstCash in a research note on Wednesday, August 23rd. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

FirstCash Price Performance

FCFS stock traded down $0.82 during mid-day trading on Friday, hitting $88.15. 88,476 shares of the stock were exchanged, compared to its average volume of 134,011. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.66 and a quick ratio of 2.81. The business has a fifty day moving average price of $93.81 and a 200 day moving average price of $96.86. FirstCash Holdings, Inc. has a 12 month low of $72.45 and a 12 month high of $105.68. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.67 and a beta of 0.82.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.16. The firm had revenue of $750.62 million during the quarter, compared to analyst estimates of $743.44 million. FirstCash had a return on equity of 13.47% and a net margin of 7.90%. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 5.52 EPS for the current year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were issued a $0.35 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.59%. This is an increase from FirstCash’s previous quarterly dividend of $0.33. FirstCash’s payout ratio is currently 28.06%.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of 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.