KBC Group NV Buys 205 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

KBC Group NV increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,206 shares of the company’s stock after buying an additional 205 shares during the period. KBC Group NV’s holdings in FirstCash were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in FirstCash during the 3rd quarter valued at $730,000. Crossmark Global Holdings Inc. grew its holdings in shares of FirstCash by 21.0% during the third quarter. Crossmark Global Holdings Inc. now owns 2,967 shares of the company’s stock valued at $341,000 after buying an additional 514 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of FirstCash during the third quarter worth about $1,576,000. Lifestyle Asset Management Inc. acquired a new stake in shares of FirstCash in the 3rd quarter worth about $281,000. Finally, Stephens Inc. AR lifted its position in FirstCash by 8.7% in the 3rd quarter. Stephens Inc. AR now owns 30,519 shares of the company’s stock valued at $3,504,000 after acquiring an additional 2,447 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,909,562 in the last ninety days. Company insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FCFS shares. Stephens started coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company. TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th.

FirstCash Trading Down 2.1 %

Shares of FCFS stock opened at $102.97 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.07 and a beta of 0.64. FirstCash Holdings, Inc. has a 52-week low of $101.62 and a 52-week high of $133.64. The company has a 50-day simple moving average of $111.06 and a two-hundred day simple moving average of $112.38.

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

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

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.