Geode Capital Management LLC Has $166.37 Million Position in FirstCash Holdings, Inc. $FCFS

Geode Capital Management LLC lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,043,699 shares of the company’s stock after acquiring an additional 31,550 shares during the quarter. Geode Capital Management LLC’s holdings in FirstCash were worth $166,367,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of FirstCash by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock worth $649,040,000 after purchasing an additional 83,113 shares during the period. Sei Investments Co. raised its position in shares of FirstCash by 4.0% during the third quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock worth $117,644,000 after purchasing an additional 28,704 shares during the period. AQR Capital Management LLC raised its position in shares of FirstCash by 67.6% during the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after purchasing an additional 251,305 shares during the period. Northern Trust Corp raised its position in shares of FirstCash by 0.3% during the third quarter. Northern Trust Corp now owns 539,634 shares of the company’s stock worth $85,489,000 after purchasing an additional 1,771 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of FirstCash by 76.3% during the third quarter. Victory Capital Management Inc. now owns 534,571 shares of the company’s stock worth $84,687,000 after purchasing an additional 231,379 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 5.2%

NASDAQ:FCFS opened at $220.18 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The company has a market cap of $9.65 billion, a PE ratio of 27.59 and a beta of 0.52. FirstCash Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $235.97. The stock has a 50-day simple moving average of $212.32 and a 200 day simple moving average of $185.99.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.FirstCash’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. TD Cowen increased their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Canaccord Genuity Group increased their price objective on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, FirstCash currently has a consensus rating of “Buy” and a consensus price target of $198.00.

Insider Transactions at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the transaction, the insider directly owned 32,406 shares in the company, valued at $7,337,042.46. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 3,165 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $231.13, for a total value of $731,526.45. Following the completion of the transaction, the senior vice president owned 27,235 shares of the company’s stock, valued at approximately $6,294,825.55. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 20,665 shares of company stock valued at $4,703,656. 2.86% of the stock is owned by insiders.

FirstCash Company 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.