Heartland Advisors Inc. Has $310,000 Position in FirstCash Inc (FCFS)

Heartland Advisors Inc. lowered its position in FirstCash Inc (NYSE:FCFS) by 97.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,599 shares of the credit services provider’s stock after selling 191,562 shares during the period. Heartland Advisors Inc.’s holdings in FirstCash were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Aperio Group LLC raised its position in shares of FirstCash by 5.4% during the 4th quarter. Aperio Group LLC now owns 16,520 shares of the credit services provider’s stock valued at $1,114,000 after buying an additional 846 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of FirstCash by 5.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock valued at $1,370,000 after buying an additional 1,000 shares in the last quarter. Profit Investment Management LLC raised its position in shares of FirstCash by 6.9% during the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock valued at $2,106,000 after buying an additional 2,011 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of FirstCash during the 3rd quarter valued at about $230,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of FirstCash by 55.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,234 shares of the credit services provider’s stock valued at $893,000 after buying an additional 4,721 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

FirstCash Inc (NYSE:FCFS) traded up $2.75 during midday trading on Friday, hitting $73.55. 301,482 shares of the stock were exchanged, compared to its average volume of 233,150. FirstCash Inc has a 1 year low of $42.70 and a 1 year high of $75.35. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3,470.60, a P/E ratio of 24.44, a PEG ratio of 1.11 and a beta of 0.80.

FirstCash (NYSE:FCFS) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. The company had revenue of $480.21 million during the quarter, compared to analysts’ expectations of $467.32 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. FirstCash’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts expect that FirstCash Inc will post 3.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio (DPR) is currently 26.58%.

In other FirstCash news, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the transaction, the chief financial officer now owns 172,000 shares of the company’s stock, valued at $12,629,960. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Brent Stuart purchased 1,080 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $73.64 per share, with a total value of $79,531.20. Following the acquisition, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The disclosure for this purchase can be found here. Company insiders own 2.75% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, February 1st. Wedbush restated an “outperform” rating and issued a $83.00 target price (up from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Finally, ValuEngine downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.83.

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FirstCash Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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