FirstCash Holdings, Inc. $FCFS Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 27.8% in the second quarter, Holdings Channel reports. The firm owned 132,591 shares of the company’s stock after selling 51,101 shares during the period. Tidal Investments LLC’s holdings in FirstCash were worth $28,682,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in FirstCash by 9.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock worth $89,296,000 after acquiring an additional 40,535 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of FirstCash by 70,840.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after purchasing an additional 43,921 shares during the period. Fourth Sail Capital LP acquired a new position in shares of FirstCash during the fourth quarter worth $17,439,000. BlackRock Inc. acquired a new position in shares of FirstCash during the second quarter worth $1,088,429,000. Finally, Brant Point Investment Management LLC purchased a new position in shares of FirstCash in the fourth quarter valued at $2,391,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of FCFS opened at $227.37 on Thursday. The company has a market cap of $9.86 billion, a P/E ratio of 25.96 and a beta of 0.53. The stock has a fifty day moving average price of $214.76 and a 200 day moving average price of $211.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93.

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

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 14th. FirstCash’s payout ratio is 19.18%.

Analyst Ratings Changes

A number of research firms have weighed in on FCFS. TD Cowen upped their price objective on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note 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. Weiss Ratings lowered shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen cut shares of FirstCash from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Insiders Place Their Bets

In other FirstCash news, COO Thomas Stuart sold 5,348 shares of the firm’s stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R. Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the sale, the chief financial officer owned 34,734 shares in the company, valued at $7,502,544. This trade represents a 5.44% 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. In the last ninety days, insiders sold 14,098 shares of company stock worth $3,051,281. 2.86% of the stock is owned by company 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.