Barclays PLC boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 163.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,807 shares of the company's stock after acquiring an additional 50,799 shares during the period. Barclays PLC owned 0.18% of FirstCash worth $9,391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of FCFS. Envestnet Portfolio Solutions Inc. raised its position in shares of FirstCash by 4.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock valued at $228,000 after buying an additional 95 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after purchasing an additional 138 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock valued at $129,000 after purchasing an additional 164 shares during the period. Fifth Third Bancorp grew its position in shares of FirstCash by 1.0% in the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock valued at $1,809,000 after purchasing an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in FirstCash by 8.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company's stock valued at $252,000 after purchasing an additional 194 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.
FCFS has been the topic of a number of research analyst reports. Stephens began coverage on FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price target on the stock. TD Cowen decreased their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 28th.
Get Our Latest Research Report on FirstCash
In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 14.77% of the company's stock.
Shares of FirstCash stock opened at $104.85 on Wednesday. The stock has a market capitalization of $4.69 billion, a P/E ratio of 19.42 and a beta of 0.65. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The business's fifty day moving average price is $108.02 and its 200 day moving average price is $110.92. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million during the quarter, compared to analysts' expectations of $843.94 million. During the same quarter in the previous year, the business earned $1.56 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, November 15th. FirstCash's dividend payout ratio is presently 28.15%.
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.
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