Boston Partners Reduces Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Boston Partners trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,941 shares of the company’s stock after selling 14,631 shares during the period. Boston Partners owned approximately 0.79% of FirstCash worth $33,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCFS. Martingale Asset Management L P boosted its stake in FirstCash by 2.3% during the 1st quarter. Martingale Asset Management L P now owns 4,506 shares of the company’s stock worth $430,000 after purchasing an additional 100 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in FirstCash by 3.1% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 4,051 shares of the company’s stock worth $386,000 after purchasing an additional 122 shares during the period. Arizona State Retirement System boosted its stake in FirstCash by 1.1% during the 1st quarter. Arizona State Retirement System now owns 11,407 shares of the company’s stock worth $1,088,000 after purchasing an additional 126 shares during the period. MML Investors Services LLC boosted its stake in FirstCash by 6.5% during the 1st quarter. MML Investors Services LLC now owns 2,602 shares of the company’s stock worth $248,000 after purchasing an additional 158 shares during the period. Finally, Zions Bancorporation N.A. boosted its stake in FirstCash by 1.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 13,602 shares of the company’s stock worth $1,269,000 after purchasing an additional 172 shares during the period. 77.28% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Up 1.0 %

FCFS stock opened at $111.89 on Friday. FirstCash Holdings, Inc. has a one year low of $85.30 and a one year high of $112.86. The stock has a market capitalization of $5.05 billion, a PE ratio of 22.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.90 and a current ratio of 3.89. The company has a fifty day moving average of $102.74 and a 200-day moving average of $97.80.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 26th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.40 by $0.16. FirstCash had a net margin of 7.54% and a return on equity of 13.78%. The firm had revenue of $786.30 million during the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter last year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts expect that FirstCash Holdings, Inc. will post 5.86 EPS for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 14th. FirstCash’s dividend payout ratio (DPR) is 28.06%.

Insider Activity at FirstCash

In related news, insider Howard F. Hambleton sold 3,670 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $109.08, for a total value of $400,323.60. Following the completion of the sale, the insider now owns 19,451 shares in the company, valued at $2,121,715.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FirstCash news, insider Howard F. Hambleton sold 3,670 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $109.08, for a total transaction of $400,323.60. Following the completion of the transaction, the insider now directly owns 19,451 shares in the company, valued at approximately $2,121,715.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 35,653 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $98.35, for a total transaction of $3,506,472.55. Following the transaction, the director now owns 6,820,880 shares of the company’s stock, valued at $670,833,548. The disclosure for this sale can be found here. Insiders sold 476,235 shares of company stock worth $49,156,034 over the last 90 days. Company insiders own 18.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of FirstCash in a research note on Tuesday, September 12th. StockNews.com assumed coverage on shares of FirstCash in a research note on Thursday, October 5th. They set a “buy” rating for the company. Finally, TD Cowen assumed coverage on shares of FirstCash in a research note on Wednesday, November 1st. They issued a “market perform” rating and a $120.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.33.

FirstCash Profile

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.