Cooke & Bieler LP Sells 2,230 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Cooke & Bieler LP lowered its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 219,791 shares of the company’s stock after selling 2,230 shares during the period. Cooke & Bieler LP’s holdings in FirstCash were worth $23,823,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in FirstCash during the second quarter worth approximately $28,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in FirstCash by 86.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd lifted its position in FirstCash by 87.3% during the first quarter. Covestor Ltd now owns 691 shares of the company’s stock worth $49,000 after acquiring an additional 322 shares during the last quarter. Headinvest LLC acquired a new stake in FirstCash during the third quarter worth approximately $50,000. Finally, Point72 Asset Management L.P. acquired a new stake in FirstCash during the second quarter worth approximately $54,000. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FCFS. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens lifted their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 5,916 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the sale, the director now owns 5,607,468 shares of the company’s stock, valued at $645,363,492.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 over the last three months. Corporate insiders own 18.08% of the company’s stock.

FirstCash Price Performance

Shares of NASDAQ FCFS traded up $1.69 during midday trading on Friday, reaching $130.41. The company’s stock had a trading volume of 215,888 shares, compared to its average volume of 171,752. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.46. The business’s 50 day moving average price is $121.52 and its two-hundred day moving average price is $113.81. The company has a market cap of $5.88 billion, a P/E ratio of 27.17 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that FirstCash Holdings, Inc. will post 6.93 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.07%. FirstCash’s dividend payout ratio is currently 29.17%.

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.