FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,289 shares of the company’s stock after selling 244 shares during the period. MetLife Investment Management LLC’s holdings in FirstCash were worth $4,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FCFS. Envestnet Portfolio Solutions Inc. lifted its stake in FirstCash by 4.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock valued at $228,000 after buying an additional 95 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FirstCash by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock valued at $1,050,000 after acquiring an additional 138 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after purchasing an additional 164 shares during the last quarter. Fifth Third Bancorp lifted its holdings in FirstCash by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock valued at $1,809,000 after purchasing an additional 168 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in FirstCash by 8.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock valued at $252,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

FCFS has been the subject of a number of analyst reports. TD Cowen cut their price objective 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. Stephens started coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock.

FirstCash Price Performance

FCFS opened at $108.86 on Monday. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The company’s 50 day simple moving average is $109.79 and its 200 day simple moving average is $111.86. The stock has a market capitalization of $4.87 billion, a PE ratio of 20.16 and a beta of 0.64. 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 announced its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share 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 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.56 EPS. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.40%. FirstCash’s dividend payout ratio is presently 28.15%.

Insider Transactions at FirstCash

In other FirstCash 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 transaction, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the company’s 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 completion of the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,974 shares of company stock worth $688,080 in the last three months. 14.77% of the stock is currently owned by company insiders.

FirstCash Company 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.