FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 103.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,596 shares of the company’s stock after acquiring an additional 23,647 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in FirstCash were worth $5,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in FirstCash in the 2nd quarter valued at about $28,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of FirstCash by 86.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after acquiring an additional 205 shares during the period. Covestor Ltd boosted its holdings in shares of FirstCash by 87.3% in the first quarter. Covestor Ltd now owns 691 shares of the company’s stock valued at $49,000 after acquiring an additional 322 shares in the last quarter. Headinvest LLC acquired a new position in shares of FirstCash during the third quarter valued at approximately $50,000. Finally, Point72 Asset Management L.P. bought a new stake in FirstCash during the second quarter worth approximately $54,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FCFS. Stephens lifted their price target on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th.

FirstCash Price Performance

NASDAQ FCFS opened at $130.41 on Friday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 27.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The business’s fifty day moving average is $121.52 and its two-hundred day moving average is $113.81. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.46.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The company had revenue of $852.13 million for the quarter, compared to analyst estimates of $859.23 million. During the same period in the previous year, the firm earned $1.65 earnings per share. FirstCash’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts forecast that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is currently 29.17%.

Insider Transactions at FirstCash

In related news, Director Douglas Richard Rippel sold 21,852 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the transaction, the director now owns 5,502,761 shares of the company’s stock, valued at approximately $659,781,043.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares in the company, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 21,852 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total transaction of $2,620,054.80. Following the completion of the sale, the director now directly owns 5,502,761 shares of the company’s stock, valued at $659,781,043.90. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock valued at $38,850,386 over the last ninety days. Corporate insiders own 18.08% of the company’s 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.