2,352 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Purchased by Argent Trust Co

Argent Trust Co acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,352 shares of the company’s stock, valued at approximately $204,000.

Other large investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FirstCash in the fourth quarter worth about $42,000. Quadrant Capital Group LLC raised its holdings in FirstCash by 32.4% in the third quarter. Quadrant Capital Group LLC now owns 605 shares of the company’s stock worth $44,000 after buying an additional 148 shares during the last quarter. CI Investments Inc. purchased a new position in FirstCash in the fourth quarter worth about $56,000. Covestor Ltd raised its holdings in FirstCash by 87.3% in the first quarter. Covestor Ltd now owns 691 shares of the company’s stock worth $49,000 after buying an additional 322 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in FirstCash by 620.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock worth $68,000 after buying an additional 670 shares during the last quarter. 78.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FCFS shares. Wedbush boosted their price objective on shares of FirstCash from $90.00 to $110.00 in a report on Monday, May 1st. Credit Suisse Group boosted their price objective on shares of FirstCash from $91.00 to $100.00 in a report on Friday, April 28th. Barclays boosted their price objective on shares of FirstCash from $108.00 to $125.00 in a report on Friday, April 28th. Loop Capital boosted their price objective on shares of FirstCash from $90.00 to $105.00 in a report on Monday, May 1st. Finally, StockNews.com assumed coverage on shares of FirstCash in a research report on Thursday, May 18th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $112.00.

FirstCash Stock Performance

Shares of NASDAQ FCFS opened at $96.68 on Friday. The firm has a 50 day moving average of $100.72 and a 200 day moving average of $94.60. The company has a current ratio of 3.50, a quick ratio of 2.66 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.64 and a beta of 0.83. FirstCash Holdings, Inc. has a 12-month low of $63.43 and a 12-month high of $105.68.

FirstCash (NASDAQ:FCFS – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $762.74 million during the quarter, compared to analyst estimates of $725.91 million. FirstCash had a net margin of 9.64% and a return on equity of 13.38%. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 5.52 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.37%. FirstCash’s payout ratio is currently 22.72%.

Insiders Place Their Bets

In related news, SVP Raul Ramos sold 30,050 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $102.87, for a total transaction of $3,091,243.50. Following the completion of the transaction, the senior vice president now owns 22,400 shares in the company, valued at $2,304,288. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Raul Ramos sold 30,050 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $102.87, for a total transaction of $3,091,243.50. Following the completion of the transaction, the senior vice president now owns 22,400 shares in the company, valued at $2,304,288. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 7,500 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $104.00, for a total transaction of $780,000.00. Following the sale, the chief financial officer now directly owns 57,234 shares in the company, valued at approximately $5,952,336. The disclosure for this sale can be found here. Insiders sold a total of 47,600 shares of company stock worth $4,898,253 over the last three months. 19.35% of the stock is currently owned by company insiders.

About FirstCash

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FirstCash Holdings, Inc operates retail pawn stores in the United States and Latin America. 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.