Stephens Investment Management Group LLC lifted its holdings in shares of FirstCash Inc (NYSE:FCFS) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,120 shares of the credit services provider’s stock after purchasing an additional 86,312 shares during the quarter. FirstCash accounts for approximately 1.3% of Stephens Investment Management Group LLC’s portfolio, making the stock its 11th largest position. Stephens Investment Management Group LLC owned about 1.66% of FirstCash worth $71,126,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FCFS. Geode Capital Management LLC lifted its position in FirstCash by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 495,495 shares of the credit services provider’s stock worth $35,848,000 after buying an additional 51,800 shares in the last quarter. Sciencast Management LP acquired a new position in shares of FirstCash during the 1st quarter worth $267,000. Strs Ohio increased its stake in shares of FirstCash by 11.1% during the 1st quarter. Strs Ohio now owns 25,100 shares of the credit services provider’s stock worth $2,171,000 after purchasing an additional 2,500 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of FirstCash during the 1st quarter worth $230,000. Finally, Avalon Advisors LLC increased its stake in shares of FirstCash by 1.1% during the 1st quarter. Avalon Advisors LLC now owns 55,551 shares of the credit services provider’s stock worth $4,805,000 after purchasing an additional 622 shares during the last quarter. 95.30% of the stock is owned by institutional investors.
In related news, CFO R Douglas Orr sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.83, for a total value of $254,575.00. Following the transaction, the chief financial officer now directly owns 135,000 shares in the company, valued at approximately $13,747,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.83% of the company’s stock.
FirstCash (NYSE:FCFS) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $435.50 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%.
Several research analysts have recently commented on FCFS shares. Barclays lowered shares of FirstCash from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group increased their price target on shares of FirstCash from $107.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, JMP Securities increased their price target on shares of FirstCash from $95.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $106.00.
FirstCash Company Profile
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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