Natixis Advisors LLC Sells 12,753 Shares of FirstCash Holdings, Inc. $FCFS

Natixis Advisors LLC reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,415 shares of the company’s stock after selling 12,753 shares during the quarter. Natixis Advisors LLC’s holdings in FirstCash were worth $36,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FCFS. Rothschild Investment LLC boosted its stake in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares in the last quarter. Community Bank N.A. bought a new position in shares of FirstCash during the 3rd quarter valued at $32,000. High Point Wealth Management LLC purchased a new position in FirstCash in the 4th quarter worth $33,000. Smartleaf Asset Management LLC raised its position in FirstCash by 70.5% in the 3rd 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 period. Finally, Danske Bank A S bought a new stake in FirstCash in the third quarter worth $48,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $220.18 on Thursday. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 27.59 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The company’s 50-day moving average is $212.32 and its 200 day moving average is $185.99. 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 data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the business earned $2.07 EPS. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. Sell-side analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen upped their price target on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group boosted their target price on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note 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. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $198.00.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the sale, the chief financial officer owned 35,734 shares of the company’s stock, valued at $8,121,980.86. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $217.40, for a total value of $326,100.00. Following the sale, the director directly owned 6,564 shares of the company’s stock, valued at $1,427,013.60. This represents a 18.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,665 shares of company stock valued at $4,703,656 in the last three months. Corporate 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.