Dimensional Fund Advisors LP Sells 2,759 Shares of FirstCash Holdings, Inc. $FCFS

Dimensional Fund Advisors LP trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,003,544 shares of the company’s stock after selling 2,759 shares during the quarter. Dimensional Fund Advisors LP’s holdings in FirstCash were worth $158,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of FirstCash in the third quarter valued at about $25,000. Rothschild Investment LLC boosted its holdings in FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after purchasing an additional 101 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in FirstCash by 70.5% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Jones Financial Companies Lllp grew its position in FirstCash by 262.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock worth $58,000 after purchasing an additional 273 shares in the last quarter. Finally, Covestor Ltd increased its stake in FirstCash by 130.7% in the 3rd quarter. Covestor Ltd now owns 413 shares of the company’s stock valued at $65,000 after buying an additional 234 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on FCFS. Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Canaccord Genuity Group set a $217.00 price target on FirstCash in a report on Friday, February 6th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

Insiders Place Their Bets

In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $182.53, for a total value of $1,825,300.00. Following the sale, the chief operating officer directly owned 150,846 shares in the company, valued at $27,533,920.38. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total value of $365,980.00. Following the transaction, the chief financial officer directly owned 36,734 shares in the company, valued at $6,721,954.66. This represents a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,500 shares of company stock valued at $5,438,945 over the last ninety days. 14.77% of the stock is currently owned by insiders.

FirstCash Stock Performance

Shares of FCFS stock opened at $196.21 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 26.44 and a beta of 0.46. FirstCash Holdings, Inc. has a 52 week low of $111.46 and a 52 week high of $197.92. The firm’s 50-day simple moving average is $175.85 and its two-hundred day simple moving average is $162.27.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.10. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $2.12 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 18th. FirstCash’s dividend payout ratio (DPR) is currently 22.64%.

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.