FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.5% during the third quarter, Holdings Channel.com reports. The fund owned 950,621 shares of the company’s stock after selling 34,894 shares during the period. Geode Capital Management LLC’s holdings in FirstCash were worth $109,152,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after acquiring an additional 1,037,601 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of FirstCash in the third quarter valued at approximately $50,192,000. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 177,698 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in FirstCash during the 3rd quarter worth approximately $18,368,000. Finally, Natixis Advisors LLC lifted its holdings in FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after buying an additional 101,130 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.77% of the stock is owned by company insiders.

FirstCash Trading Down 4.1 %

NASDAQ FCFS opened at $100.54 on Thursday. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The firm has a 50 day moving average of $107.75 and a two-hundred day moving average of $110.84. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $4.50 billion, a PE ratio of 18.62 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Cowen cut their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens assumed coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock.

FirstCash Company 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.