Jupiter Topco LLC Buys Shares of 29,249 FirstCash Holdings, Inc. $FCFS

Jupiter Topco LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,249 shares of the company’s stock, valued at approximately $6,328,000.

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

Analysts Set New Price Targets

A number of brokerages have commented on FCFS. TD Cowen raised their price objective on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a research report on Monday, August 10th. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and an average price target of $249.00.

FirstCash Price Performance

FCFS opened at $214.47 on Tuesday. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 24.48 and a beta of 0.53. FirstCash Holdings, Inc. has a 1 year low of $144.56 and a 1 year high of $238.93. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average price of $213.93 and a 200 day moving average price of $209.10.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. Analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s payout ratio is presently 19.18%.

Insider Transactions at FirstCash

In related news, COO Thomas Brent Stuart sold 5,348 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 135,498 shares of the company’s stock, valued at approximately $29,081,935.74. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,183 shares of company stock worth $3,761,228. 2.86% of the stock is owned by corporate insiders.

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.