King Luther Capital Management Corp Has $7.63 Million Stock Holdings in FirstCash Holdings, Inc. $FCFS

King Luther Capital Management Corp lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,861 shares of the company’s stock after buying an additional 2,985 shares during the quarter. King Luther Capital Management Corp’s holdings in FirstCash were worth $7,628,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FCFS. Westfield Capital Management Co. LP acquired a new stake in shares of FirstCash during the 3rd quarter worth about $66,925,000. AQR Capital Management LLC increased its position in FirstCash by 67.6% during the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after acquiring an additional 251,305 shares during the period. Victory Capital Management Inc. increased its position in FirstCash by 76.3% during the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after acquiring an additional 231,379 shares during the period. Alliancebernstein L.P. increased its position in FirstCash by 280.5% during the third quarter. Alliancebernstein L.P. now owns 305,856 shares of the company’s stock worth $48,454,000 after acquiring an additional 225,466 shares during the period. Finally, Capital Research Global Investors increased its position in FirstCash by 78.3% during the third quarter. Capital Research Global Investors now owns 402,112 shares of the company’s stock worth $63,703,000 after acquiring an additional 176,549 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Canaccord Genuity Group raised their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. TD Cowen raised their price target on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $198.00.

FirstCash Price Performance

FCFS stock opened at $231.32 on Thursday. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The firm has a market cap of $10.14 billion, a P/E ratio of 28.99 and a beta of 0.52. The company’s 50-day moving average price is $209.69 and its two-hundred day moving average price is $184.00.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm earned $2.07 EPS. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, analysts anticipate that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Insider Activity

In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the transaction, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This trade represents a 6.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the transaction, the insider directly owned 32,406 shares in the company, valued at approximately $7,337,042.46. This represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 17,500 shares of company stock valued at $3,972,130 in the last 90 days. 2.86% of the stock is owned by corporate insiders.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.