Natixis Advisors LLC Increases Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Natixis Advisors LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 174.3% in the third quarter, Holdings Channel.com reports. The fund owned 159,140 shares of the company’s stock after buying an additional 101,130 shares during the quarter. Natixis Advisors LLC’s holdings in FirstCash were worth $18,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of FirstCash in the first quarter valued at about $26,000. State Board of Administration of Florida Retirement System lifted its stake in shares of FirstCash by 22.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,130 shares of the company’s stock valued at $1,675,000 after buying an additional 2,370 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of FirstCash by 5.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock valued at $298,000 after buying an additional 125 shares during the period. Edgestream Partners L.P. purchased a new position in shares of FirstCash during the first quarter valued at approximately $584,000. Finally, Bessemer Group Inc. raised its stake in FirstCash by 21.7% during the first quarter. Bessemer Group Inc. now owns 192,155 shares of the company’s stock worth $24,508,000 after purchasing an additional 34,217 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of FCFS stock opened at $105.06 on Wednesday. The firm has a fifty day moving average of $111.50 and a two-hundred day moving average of $112.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64. The firm has a market cap of $4.70 billion, a P/E ratio of 19.46 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.56 EPS. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.45%. FirstCash’s payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen cut their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective for the company.

Insider Buying and Selling at FirstCash

In related news, Director Douglas Richard Rippel sold 600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now directly owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,154 shares of company stock valued at $1,909,562. Company insiders own 14.77% of the company’s stock.

FirstCash Company 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.