Point72 Asset Management L.P. Has $2.30 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Point72 Asset Management L.P. trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 72.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,991 shares of the company’s stock after selling 53,193 shares during the period. Point72 Asset Management L.P.’s holdings in FirstCash were worth $2,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC grew its position in shares of FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after buying an additional 1,037,601 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of FirstCash in the third quarter worth approximately $50,192,000. American Century Companies Inc. boosted its holdings in FirstCash by 66.0% in the second quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock valued at $46,869,000 after acquiring an additional 177,698 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in FirstCash during the 3rd quarter valued at approximately $18,368,000. Finally, Natixis Advisors LLC raised its holdings in FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after purchasing an additional 101,130 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price on the stock.

FirstCash Price Performance

Shares of FCFS opened at $106.38 on Tuesday. The firm has a market cap of $4.76 billion, a PE ratio of 19.70 and a beta of 0.65. FirstCash Holdings, Inc. has a 52-week low of $101.62 and a 52-week high of $133.64. The business’s 50 day moving average price is $108.91 and its two-hundred day moving average price is $111.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. FirstCash’s dividend payout ratio is presently 28.15%.

FirstCash 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.