Landscape Capital Management L.L.C. Buys New Shares in FirstCash Holdings, Inc. $FCFS

Landscape Capital Management L.L.C. purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,645 shares of the company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Villanova Investment Management Co LLC boosted its stake in shares of FirstCash by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after buying an additional 54 shares during the last quarter. Root Financial Partners LLC increased its position in shares of FirstCash by 29.6% in the first quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock valued at $46,000 after acquiring an additional 56 shares during the last quarter. Arista Wealth Management LLC raised its holdings in FirstCash by 1.4% during the second quarter. Arista Wealth Management LLC now owns 4,193 shares of the company’s stock worth $907,000 after acquiring an additional 56 shares in the last quarter. State of Michigan Retirement System raised its holdings in FirstCash by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company’s stock worth $1,751,000 after acquiring an additional 100 shares in the last quarter. Finally, Assetmark Inc. boosted its position in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on FCFS shares. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a research note on Monday, August 10th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. TD Cowen raised their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Finally, Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

FirstCash Stock Performance

FirstCash stock opened at $225.28 on Monday. The stock has a 50-day simple moving average of $214.07 and a 200 day simple moving average of $207.16. The stock has a market capitalization of $9.77 billion, a P/E ratio of 25.72 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. FirstCash Holdings, Inc. has a 52 week low of $138.34 and a 52 week high of $235.97.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. Analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. FirstCash’s payout ratio is presently 19.18%.

Insiders Place Their Bets

In other FirstCash news, COO Thomas Brent Stuart sold 5,348 shares of FirstCash stock in a transaction on Monday, August 17th. The shares were sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the completion of the transaction, the chief operating officer directly owned 135,498 shares of the company’s stock, valued at $29,081,935.74. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total transaction of $425,960.00. Following the completion of the transaction, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This represents a 6.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,348 shares of company stock worth $4,492,755 in the last quarter. Insiders own 2.86% of the company’s stock.

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.