FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,583 shares of the company’s stock after selling 675 shares during the period. Hancock Whitney Corp’s holdings in FirstCash were worth $712,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FCFS. Vanguard Group Inc. raised its stake in FirstCash by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after buying an additional 219,983 shares in the last quarter. Sei Investments Co. increased its position in shares of FirstCash by 34.8% during the fourth quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after purchasing an additional 148,502 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of FirstCash by 753.4% during the first quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after purchasing an additional 142,391 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of FirstCash by 1,216.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock worth $13,430,000 after purchasing an additional 97,300 shares in the last quarter. Finally, Axiom Investors LLC DE acquired a new stake in shares of FirstCash during the fourth quarter worth about $8,347,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Douglas Richard Rippel sold 720,950 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the completion of the sale, the director now directly owns 4,746,023 shares in the company, valued at $559,556,111.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Douglas Richard Rippel sold 720,950 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total value of $85,000,005.00. Following the completion of the sale, the director now owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the completion of the sale, 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. Insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.4 %

NASDAQ:FCFS traded up $0.47 on Thursday, reaching $112.07. The stock had a trading volume of 167,669 shares, compared to its average volume of 244,034. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $109.78 and a 200 day moving average of $116.07. The stock has a market cap of $5.02 billion, a P/E ratio of 21.80 and a beta of 0.62. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. On average, research analysts predict that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

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

Analyst Ratings Changes

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

About FirstCash

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.