King Luther Capital Management Corp Has $7.63 Million Holdings in FirstCash Holdings, Inc. $FCFS

King Luther Capital Management Corp grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,861 shares of the company’s stock after buying an additional 2,985 shares during the quarter. King Luther Capital Management Corp owned 0.11% of FirstCash worth $7,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FirstCash by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock worth $2,761,000 after purchasing an additional 1,021 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after purchasing an additional 34,364 shares during the last quarter. Jane Street Group LLC boosted its holdings in FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after purchasing an additional 43,653 shares during the last quarter. American Century Companies Inc. boosted its holdings in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after purchasing an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after purchasing an additional 8,402 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $231.32 on Thursday. The stock has a market cap of $10.14 billion, a P/E ratio of 28.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The company has a fifty day moving average price of $209.69 and a two-hundred day moving average price of $184.00. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97.

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

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.42 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FCFS shares. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. TD Cowen increased their target price on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Canaccord Genuity Group increased their target price on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $198.00.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction 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 owned 35,734 shares in the company, valued at $8,121,980.86. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $217.40, for a total transaction of $326,100.00. Following the completion of the sale, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 17,500 shares of company stock worth $3,972,130. 2.86% of the stock is owned by insiders.

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.