Victory Capital Management Inc. Sells 33,852 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Victory Capital Management Inc. cut its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,135 shares of the company’s stock after selling 33,852 shares during the quarter. Victory Capital Management Inc. owned approximately 0.70% of FirstCash worth $35,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCFS. Earnest Partners LLC boosted its stake in shares of FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after purchasing an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FirstCash by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after acquiring an additional 15,780 shares during the period. Hood River Capital Management LLC raised its position in shares of FirstCash by 6.3% in the 1st quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock worth $112,197,000 after acquiring an additional 52,362 shares in the last quarter. Sei Investments Co. lifted its stake in shares of FirstCash by 3.2% during the 2nd quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after purchasing an additional 19,868 shares during the last quarter. Finally, Boston Partners boosted its position in FirstCash by 17.8% during the first quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after purchasing an additional 94,010 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FCFS shares. Stephens assumed coverage on shares of FirstCash in a report on Wednesday. They issued an “overweight” rating and a $137.00 target price for the company. TD Cowen decreased their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock worth $1,909,562 in the last 90 days. Insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.9 %

FirstCash stock opened at $105.77 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The stock has a market cap of $4.73 billion, a PE ratio of 19.59 and a beta of 0.64. The stock has a 50-day moving average of $111.90 and a two-hundred day moving average of $112.66. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.56 EPS. On average, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, November 15th. FirstCash’s payout ratio is 28.15%.

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.