Savant Capital LLC Raises Position in FirstCash Holdings, Inc. $FCFS

Savant Capital LLC lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 102.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,020 shares of the company’s stock after acquiring an additional 2,540 shares during the period. Savant Capital LLC’s holdings in FirstCash were worth $678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new position in FirstCash in the 1st quarter valued at approximately $55,340,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of FirstCash by 1,350.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 250,900 shares of the company’s stock worth $33,907,000 after purchasing an additional 233,600 shares during the last quarter. Millennium Management LLC raised its stake in shares of FirstCash by 51.1% in the first quarter. Millennium Management LLC now owns 293,750 shares of the company’s stock worth $35,344,000 after purchasing an additional 99,361 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in shares of FirstCash by 525.6% during the first quarter. Heartland Advisors Inc. now owns 67,147 shares of the company’s stock valued at $8,079,000 after purchasing an additional 56,414 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of FirstCash during the first quarter valued at $6,206,000. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

FCFS opened at $160.01 on Friday. The company’s 50 day moving average is $153.91 and its 200 day moving average is $140.61. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 24.58 and a beta of 0.66. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $166.08.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.35. The business had revenue of $904.27 million during the quarter, compared to analysts’ expectations of $845.28 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, November 14th. This represents a $1.68 annualized dividend and a yield of 1.0%. FirstCash’s payout ratio is 24.24%.

FirstCash declared that its board has authorized a share buyback program on Thursday, October 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

FCFS has been the subject of a number of recent analyst reports. Loop Capital lowered FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Friday, September 5th. TD Cowen lifted their price target on shares of FirstCash from $181.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash currently has an average rating of “Buy” and a consensus target price of $167.00.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,852 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total value of $455,521.44. Following the completion of the sale, the chief financial officer owned 39,734 shares in the company, valued at $6,346,314.48. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the transaction, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. This trade represents a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,000 shares of company stock valued at $15,883,363 in the last three months. 2.93% of the stock is currently owned by corporate insiders.

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.