EntryPoint Capital LLC Raises Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

EntryPoint Capital LLC lifted its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 134.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 841 shares of the company’s stock after purchasing an additional 482 shares during the quarter. EntryPoint Capital LLC’s holdings in FirstCash were worth $107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FCFS. Blue Trust Inc. grew its holdings in shares of FirstCash by 20.5% during the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock worth $157,000 after purchasing an additional 267 shares in the last quarter. Fifth Third Bancorp lifted its position in FirstCash by 4.8% in the 4th quarter. Fifth Third Bancorp now owns 16,435 shares of the company’s stock worth $1,781,000 after buying an additional 748 shares during the last quarter. State of Michigan Retirement System lifted its position in FirstCash by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 8,915 shares of the company’s stock worth $966,000 after buying an additional 100 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in FirstCash in the 4th quarter worth approximately $665,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in FirstCash by 2.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,116 shares of the company’s stock worth $1,855,000 after buying an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FCFS. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $140.00 in a research report on Monday, April 29th. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Finally, BTIG Research began coverage on FirstCash in a research report on Friday, June 7th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.00.

FirstCash Stock Performance

Shares of FCFS stock opened at $111.87 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.03 and a current ratio of 4.03. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.64. The stock has a 50 day moving average price of $110.26 and a two-hundred day moving average price of $115.98. The company has a market capitalization of $5.09 billion, a P/E ratio of 21.81 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.01. The business had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Analysts expect that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. This is a boost from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s dividend payout ratio (DPR) is currently 27.29%.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the completion of the transaction, the director now owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Douglas Richard Rippel sold 720,950 shares of FirstCash stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total value of $85,000,005.00. Following the completion of the transaction, the director now owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.