FirstCash, Inc. (NASDAQ:FCFS) Holdings Raised by Heartland Advisors Inc.

Heartland Advisors Inc. increased its position in shares of FirstCash, Inc. (NASDAQ:FCFS) by 83.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 314,568 shares of the company’s stock after buying an additional 143,405 shares during the period. FirstCash makes up about 1.3% of Heartland Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Heartland Advisors Inc.’s holdings in FirstCash were worth $20,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FCFS. Norges Bank purchased a new stake in FirstCash during the 4th quarter worth $42,412,000. Baillie Gifford & Co. bought a new stake in shares of FirstCash in the 4th quarter worth about $20,522,000. BlackRock Inc. increased its position in shares of FirstCash by 4.1% in the 1st quarter. BlackRock Inc. now owns 5,017,561 shares of the company’s stock worth $329,503,000 after purchasing an additional 195,837 shares during the last quarter. Hosking Partners LLP increased its position in shares of FirstCash by 55.2% in the 4th quarter. Hosking Partners LLP now owns 241,508 shares of the company’s stock worth $16,915,000 after purchasing an additional 85,940 shares during the last quarter. Finally, Yacktman Asset Management LP increased its position in shares of FirstCash by 13.4% in the 1st quarter. Yacktman Asset Management LP now owns 632,951 shares of the company’s stock worth $41,566,000 after purchasing an additional 74,851 shares during the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FCFS traded up $0.60 during midday trading on Friday, hitting $82.64. The company’s stock had a trading volume of 2,512 shares, compared to its average volume of 255,227. FirstCash, Inc. has a 1-year low of $51.15 and a 1-year high of $83.62. The business has a fifty day simple moving average of $74.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.76 and a current ratio of 2.63. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 31.84 and a beta of 0.80.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Tuesday, April 20th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.22. FirstCash had a net margin of 6.83% and a return on equity of 9.48%. The business had revenue of $407.94 million during the quarter, compared to analyst estimates of $372.19 million. During the same period in the previous year, the business posted $0.96 EPS. The company’s quarterly revenue was down 12.6% on a year-over-year basis. On average, equities research analysts forecast that FirstCash, Inc. will post 2.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, May 13th. This is a positive change from FirstCash’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. FirstCash’s payout ratio is 39.87%.

Several research firms have recently weighed in on FCFS. Wedbush boosted their target price on shares of FirstCash from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 22nd. Janney Montgomery Scott downgraded shares of FirstCash from a “buy” rating to a “neutral” rating in a research report on Monday, May 24th. Finally, Zacks Investment Research downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, April 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $75.00.

FirstCash Company Profile

FirstCash, Inc, together with its subsidiaries, operates retail pawn stores in the United States and Latin America. 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.

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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