FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 16.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,989 shares of the company’s stock after acquiring an additional 3,846 shares during the period. Price T Rowe Associates Inc. MD’s holdings in FirstCash were worth $2,797,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of FirstCash by 86.9% in the fourth quarter. Hsbc Holdings PLC now owns 18,390 shares of the company’s stock valued at $1,913,000 after purchasing an additional 8,548 shares in the last quarter. Stifel Financial Corp grew its stake in shares of FirstCash by 2.8% in the fourth quarter. Stifel Financial Corp now owns 7,420 shares of the company’s stock worth $769,000 after acquiring an additional 199 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of FirstCash by 259.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,628 shares of the company’s stock worth $687,000 after acquiring an additional 4,786 shares during the period. MetLife Investment Management LLC raised its stake in shares of FirstCash by 8.0% in the fourth quarter. MetLife Investment Management LLC now owns 44,605 shares of the company’s stock valued at $4,621,000 after acquiring an additional 3,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in FirstCash by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company’s stock valued at $108,107,000 after purchasing an additional 9,264 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Up 1.2 %

NASDAQ:FCFS opened at $135.56 on Tuesday. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The stock has a market cap of $6.01 billion, a P/E ratio of 23.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock has a 50-day simple moving average of $120.63 and a 200-day simple moving average of $112.78.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, May 15th. FirstCash’s dividend payout ratio is currently 24.32%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FCFS. Stephens reaffirmed an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th. StockNews.com upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Insider Activity

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

FirstCash 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.