FirstCash Holdings, Inc. $FCFS Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,564 shares of the company’s stock after selling 2,813 shares during the quarter. Peregrine Capital Management LLC owned about 0.15% of FirstCash worth $12,326,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FCFS. Price T Rowe Associates Inc. MD boosted its position in FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after acquiring an additional 312,132 shares during the last quarter. Geode Capital Management LLC raised its holdings in FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after acquiring an additional 5,626 shares during the last quarter. Sei Investments Co. lifted its stake in FirstCash by 4.0% in the 3rd quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock worth $117,644,000 after purchasing an additional 28,704 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in FirstCash by 67.6% in the 3rd quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after purchasing an additional 251,305 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares in the company, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares in the company, valued at approximately $8,121,980.86. The trade was a 5.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 27,500 shares of company stock worth $6,243,104. Insiders own 2.86% of the company’s stock.

FirstCash Stock Up 0.5%

FCFS stock opened at $216.32 on Wednesday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The firm has a market cap of $9.48 billion, a PE ratio of 27.11 and a beta of 0.52. The firm’s 50 day moving average price is $221.60 and its 200-day moving average price is $194.66. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FCFS. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. TD Cowen lifted their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Canaccord Genuity Group upped their target price on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and an average price target of $198.00.

FirstCash Profile

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.