Thrivent Financial for Lutherans Has $2.83 Million Stock Position in FirstCash Holdings, Inc. $FCFS

Thrivent Financial for Lutherans grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 129.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,963 shares of the company’s stock after purchasing an additional 11,833 shares during the period. Thrivent Financial for Lutherans’ holdings in FirstCash were worth $2,833,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FCFS. Sequoia Financial Advisors LLC acquired a new stake in FirstCash in the second quarter valued at $336,000. FORA Capital LLC bought a new stake in shares of FirstCash in the 1st quarter valued at about $283,000. Dynamic Technology Lab Private Ltd acquired a new stake in FirstCash in the 1st quarter valued at about $334,000. Drive Wealth Management LLC bought a new position in FirstCash during the second quarter worth about $230,000. Finally, Millennium Management LLC increased its position in FirstCash by 51.1% during the first quarter. Millennium Management LLC now owns 293,750 shares of the company’s stock worth $35,344,000 after buying an additional 99,361 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Up 0.8%

NASDAQ FCFS opened at $162.27 on Tuesday. The company has a current ratio of 4.99, a quick ratio of 3.72 and a debt-to-equity ratio of 1.01. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 23.42 and a beta of 0.53. The company has a 50 day moving average of $158.02 and a 200-day moving average of $146.06. FirstCash Holdings, Inc. has a 1-year low of $101.75 and a 1-year high of $166.08.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.35. The firm had revenue of $904.27 million for the quarter, compared to analyst estimates of $845.28 million. FirstCash had a return on equity of 17.44% and a net margin of 8.88%.The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. FirstCash’s payout ratio is 24.24%.

Insiders Place Their Bets

In related news, Director Randel G. Owen sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $152.20, for a total transaction of $228,300.00. Following the completion of the sale, the director owned 7,651 shares of the company’s stock, valued at $1,164,482.20. This represents a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Howard F. Hambleton sold 4,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.74, for a total transaction of $654,960.00. Following the sale, the insider owned 26,581 shares in the company, valued at $4,352,372.94. The trade was a 13.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,500 shares of company stock valued at $7,678,508 over the last 90 days. 14.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on FCFS. Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Friday, September 5th. Wall Street Zen raised shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $205.00 price target on shares of FirstCash in a report on Monday, December 8th. Cowen restated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Finally, TD Cowen upped their target price on FirstCash from $181.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $167.00.

FirstCash 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.