Raymond James & Associates Cuts Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Raymond James & Associates lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,471 shares of the company’s stock after selling 2,414 shares during the quarter. Raymond James & Associates’ holdings in FirstCash were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock worth $658,158,000 after buying an additional 145,821 shares in the last quarter. BlackRock Inc. boosted its stake in FirstCash by 7.0% in the first quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock worth $435,501,000 after buying an additional 297,552 shares in the last quarter. Vanguard Group Inc. boosted its stake in FirstCash by 19.9% in the first quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock worth $309,282,000 after buying an additional 730,072 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of FirstCash by 98,847.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock valued at $375,197,000 after purchasing an additional 4,312,712 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of FirstCash by 1.0% during the third quarter. Earnest Partners LLC now owns 2,206,042 shares of the company’s stock valued at $221,442,000 after purchasing an additional 22,067 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $130.32 on Wednesday. The stock has a fifty day moving average of $120.77 and a 200 day moving average of $113.38. FirstCash Holdings, Inc. has a 52 week low of $88.05 and a 52 week high of $133.46. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 27.15 and a beta of 0.62. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The company had revenue of $852.13 million during the quarter, compared to analyst estimates of $859.23 million. During the same quarter last year, the firm posted $1.65 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, research analysts expect that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s payout ratio is 29.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FCFS. Stephens increased their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 19,020 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the sale, the director now owns 5,997,680 shares of the company’s stock, valued at $703,767,771.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the transaction, the director now owns 5,997,680 shares in the company, valued at $703,767,771.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now 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 329,984 shares of company stock valued at $38,850,386 over the last quarter. 18.08% of the stock is owned by company insiders.

About FirstCash

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.