Heartland Advisors Inc. Has $8.41 Million Stake in FirstCash Holdings, Inc. $FCFS

Heartland Advisors Inc. reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,768 shares of the company’s stock after selling 2,727 shares during the period. Heartland Advisors Inc. owned 0.12% of FirstCash worth $8,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FCFS. Profund Advisors LLC increased its stake in shares of FirstCash by 4.9% in the third quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock valued at $259,000 after buying an additional 76 shares during the period. Ascent Group LLC raised its position in shares of FirstCash by 6.0% during the fourth quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after acquiring an additional 81 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of FirstCash by 1.0% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock worth $1,379,000 after acquiring an additional 85 shares during the period. Pullen Investment Management LLC boosted its holdings in FirstCash by 0.4% in the fourth quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock valued at $3,230,000 after acquiring an additional 87 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in FirstCash by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock valued at $1,393,000 after acquiring an additional 89 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Price Performance

Shares of FCFS opened at $211.73 on Thursday. FirstCash Holdings, Inc. has a 52-week low of $119.21 and a 52-week high of $235.97. 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 business’s 50 day moving average price is $215.35 and its two-hundred day moving average price is $188.36. The firm has a market cap of $9.28 billion, a PE ratio of 26.53 and a beta of 0.52.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued 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 presently 21.05%.

Insider Transactions at FirstCash

In other news, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares in the company, valued at approximately $4,594,692. This represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard F. Hambleton sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the transaction, the insider owned 32,406 shares in the company, valued at $7,337,042.46. This represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is owned by insiders.

Analysts Set New Price Targets

FCFS has been the subject of several analyst reports. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group upped their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD Cowen boosted their target price on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $198.00.

About FirstCash

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.