Barclays PLC Trims Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Barclays PLC trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFSFree Report) by 14.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,062 shares of the company’s stock after selling 5,458 shares during the period. Barclays PLC owned approximately 0.07% of FirstCash worth $3,118,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of FirstCash by 20.6% in the third quarter. Victory Capital Management Inc. now owns 379,994 shares of the company’s stock worth $38,144,000 after buying an additional 64,867 shares during the period. Principal Financial Group Inc. raised its holdings in shares of FirstCash by 0.6% in the third quarter. Principal Financial Group Inc. now owns 146,581 shares of the company’s stock worth $14,714,000 after buying an additional 884 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in shares of FirstCash by 3.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,949 shares of the company’s stock worth $2,304,000 after buying an additional 715 shares during the period. Annex Advisory Services LLC raised its holdings in shares of FirstCash by 46.2% in the third quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock worth $5,551,000 after buying an additional 17,486 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of FirstCash by 22.7% in the third quarter. Teacher Retirement System of Texas now owns 20,414 shares of the company’s stock worth $2,049,000 after buying an additional 3,772 shares during the period. 77.28% of the stock is owned by institutional investors.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 25,968 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $116.10, for a total value of $3,014,884.80. Following the completion of the sale, the director now owns 5,946,649 shares of the company’s stock, valued at approximately $690,405,948.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 25,968 shares of FirstCash stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $116.10, for a total transaction of $3,014,884.80. Following the completion of the sale, the director now owns 5,946,649 shares of the company’s stock, valued at approximately $690,405,948.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of FirstCash stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the sale, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders sold 88,512 shares of company stock valued at $10,391,602 in the last quarter. 18.08% of the stock is currently owned by corporate insiders.

FirstCash Stock Up 0.5 %

Shares of NASDAQ FCFS opened at $119.01 on Tuesday. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.37 billion, a PE ratio of 24.79 and a beta of 0.62. The stock’s fifty day simple moving average is $112.19 and its two-hundred day simple moving average is $104.63. FirstCash Holdings, Inc. has a 12-month low of $86.10 and a 12-month high of $122.87.

FirstCash (NASDAQ:FCFSGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.25. The business had revenue of $852.13 million for the quarter, compared to analysts’ expectations of $859.23 million. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. As a group, analysts expect that FirstCash Holdings, Inc. will post 7.1 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.35 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. FirstCash’s payout ratio is 29.17%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stephens raised their price objective on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. TD Cowen assumed coverage on FirstCash in a report on Wednesday, November 1st. They set a “market perform” rating and a $120.00 price objective on the stock.

Read Our Latest Research Report on FirstCash

FirstCash Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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