FirstCash Holdings, Inc. $FCFS Shares Sold by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC cut its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 65.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,467 shares of the company’s stock after selling 10,561 shares during the quarter. FirstCash accounts for approximately 1.8% of Villanova Investment Management Co LLC’s holdings, making the stock its 21st biggest position. Villanova Investment Management Co LLC’s holdings in FirstCash were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after buying an additional 202 shares during the last quarter. CX Institutional acquired a new position in shares of FirstCash during the first quarter worth about $42,000. UMB Bank n.a. increased its stake in shares of FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after acquiring an additional 283 shares during the period. CWM LLC raised its holdings in FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after purchasing an additional 249 shares in the last quarter. Finally, State of Wyoming acquired a new stake in FirstCash in the first quarter valued at about $65,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Stock Performance

NASDAQ FCFS opened at $145.53 on Thursday. The business has a 50 day moving average price of $137.29 and a 200 day moving average price of $128.93. The company has a market capitalization of $6.46 billion, a P/E ratio of 22.35 and a beta of 0.70. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $150.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. During the same quarter in the prior year, the company earned $1.37 earnings per share. FirstCash’s revenue was up .0% compared to the same quarter last year. Sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This is an increase from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. This represents a $1.68 annualized dividend and a yield of 1.2%. FirstCash’s payout ratio is 25.81%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FCFS shares. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Capital One Financial set a $160.00 price target on FirstCash in a research note on Tuesday, August 5th. Loop Capital cut FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Friday, September 5th. Cowen reissued a “buy” rating on shares of FirstCash in a report on Monday, August 18th. Finally, Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $143.00.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total transaction of $445,230.00. Following the completion of the transaction, the chief financial officer directly owned 97,567 shares of the company’s stock, valued at $14,479,918.47. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director owned 15,846 shares of the company’s stock, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,500 shares of company stock worth $15,493,610. 2.93% of the stock is owned by corporate insiders.

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.