FORA Capital LLC Takes $283,000 Position in FirstCash Holdings, Inc. $FCFS

Key Points

• FORA Capital LLC has acquired a new position in FirstCash Holdings, purchasing 2,350 shares valued at approximately $283,000.
• FirstCash announced a quarterly dividend of $0.42 per share, an increase from the previous dividend of $0.38, indicating a positive trend in shareholder returns.
• Analysts view FirstCash favorably, with Jefferies Financial Group upgrading the stock to a "strong-buy" rating and setting a target price of $160.00.

FORA Capital LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,350 shares of the company's stock, valued at approximately $283,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in FirstCash by 2.8% in the fourth quarter. Stifel Financial Corp now owns 7,420 shares of the company's stock worth $769,000 after buying an additional 199 shares during the last quarter. Hsbc Holdings PLC boosted its position in FirstCash by 86.9% during the fourth quarter. Hsbc Holdings PLC now owns 18,390 shares of the company's stock worth $1,913,000 after purchasing an additional 8,548 shares during the period. Price T Rowe Associates Inc. MD boosted its position in FirstCash by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,989 shares of the company's stock worth $2,797,000 after purchasing an additional 3,846 shares during the period. Aquatic Capital Management LLC boosted its position in FirstCash by 422.7% during the fourth quarter. Aquatic Capital Management LLC now owns 10,976 shares of the company's stock worth $1,137,000 after purchasing an additional 8,876 shares during the period. Finally, Quarry LP boosted its position in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the transaction, the director directly owned 15,846 shares in the company, valued at $2,132,237.76. This represents a 27.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider owned 32,481 shares of the company's stock, valued at $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,900 shares of company stock worth $15,193,007 over the last three months. 14.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FCFS has been the subject of several research reports. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Cowen reissued a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. Finally, Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $142.33.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded down $0.50 during trading hours on Friday, reaching $147.27. The stock had a trading volume of 354,445 shares, compared to its average volume of 295,121. The business's fifty day moving average is $135.10 and its two-hundred day moving average is $127.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 22.62 and a beta of 0.70. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $148.94.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.FirstCash's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.42 per share. This is an increase from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. FirstCash's dividend payout ratio is currently 25.81%.

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.