FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 55.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,184 shares of the company’s stock after selling 90,300 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.16% of FirstCash worth $7,676,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of FirstCash by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after purchasing an additional 219,983 shares in the last quarter. American Century Companies Inc. increased its holdings in FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after buying an additional 177,698 shares in the last quarter. Sei Investments Co. raised its position in shares of FirstCash by 34.8% in the fourth quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after acquiring an additional 148,502 shares during the period. Acadian Asset Management LLC boosted its stake in shares of FirstCash by 753.4% during the 1st quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after acquiring an additional 142,391 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of FirstCash by 1,216.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock valued at $13,430,000 after acquiring an additional 97,300 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at $568,560,627.01. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,912,562 in the last ninety days. Insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on FirstCash in a report on Friday, June 7th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, FirstCash presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

FirstCash Stock Performance

FCFS opened at $114.19 on Wednesday. The firm’s fifty day simple moving average is $115.72 and its two-hundred day simple moving average is $116.12. FirstCash Holdings, Inc. has a 52-week low of $97.81 and a 52-week high of $133.64. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 22.26 and a beta of 0.62. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. FirstCash’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. Equities analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, August 15th. FirstCash’s dividend payout ratio (DPR) is 29.63%.

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.