FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Boosted by Swiss National Bank

Swiss National Bank increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,912 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Swiss National Bank owned 0.18% of FirstCash worth $9,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Capital Management LLC purchased a new stake in shares of FirstCash during the first quarter valued at $3,348,000. CWA Asset Management Group LLC acquired a new stake in FirstCash during the 3rd quarter valued at $1,576,000. Atria Investments Inc acquired a new stake in shares of FirstCash in the first quarter worth $1,189,000. Boston Partners raised its position in FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after buying an additional 94,010 shares during the period. Finally, Natixis Advisors LLC lifted its stake in FirstCash by 174.3% in the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after acquiring an additional 101,130 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

FirstCash Trading Up 1.4 %

FirstCash stock opened at $104.40 on Monday. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The company’s fifty day moving average price is $110.80 and its two-hundred day moving average price is $112.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 19.33 and a beta of 0.64.

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

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is 28.15%.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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 through the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the transaction, the director now directly owns 4,735,243 shares of the company’s stock, valued at $568,560,627.01. This represents a 0.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,290 shares of company stock worth $1,565,853. 14.77% of the stock is owned by insiders.

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.