2,667 Shares in FirstCash Holdings, Inc. $FCFS Bought by 111 Capital

Key Points

• 111 Capital purchased a new stake in FirstCash Holdings, buying 2,667 shares valued at approximately $360,000 during the second quarter.
• FirstCash announced a quarterly dividend increase from $0.38 to $0.42 per share, representing an annualized yield of 1.1%.
• The company reported a net margin of 8.61% and a return on equity of 16.63%, with earnings per share of $1.79 surpassing analyst estimates.

111 Capital purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,667 shares of the company's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of FirstCash by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 132,236 shares of the company's stock worth $15,911,000 after purchasing an additional 1,629 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in FirstCash by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company's stock worth $413,000 after buying an additional 265 shares during the period. Freedom Day Solutions LLC acquired a new stake in shares of FirstCash in the first quarter worth $1,524,000. FORA Capital LLC purchased a new position in shares of FirstCash in the 1st quarter valued at $283,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of FirstCash by 18.2% during the 1st quarter. Teacher Retirement System of Texas now owns 11,522 shares of the company's stock valued at $1,386,000 after acquiring an additional 1,771 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. Weiss Ratings reissued a "buy (b)" rating on shares of FirstCash in a research report on Saturday, September 27th. Loop Capital downgraded FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a report on Friday, September 5th. Cowen restated a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $154.40.

FirstCash Stock Up 1.8%

FirstCash stock opened at $151.79 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $158.93. The company has a 50-day simple moving average of $143.44 and a 200-day simple moving average of $133.35. The firm has a market capitalization of $6.73 billion, a P/E ratio of 23.32 and a beta of 0.69.

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

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from FirstCash's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 15th. FirstCash's dividend payout ratio is 25.81%.

Insider Activity at FirstCash

In other FirstCash news, Director James H. Graves sold 6,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the sale, the director directly owned 15,846 shares in the company, valued at approximately $2,132,237.76. The trade was a 27.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00. Following the completion of the sale, the chief financial officer directly owned 41,734 shares of the company's stock, valued at approximately $6,109,857.60. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,500 shares of company stock worth $15,493,610 over the last ninety days. 14.77% of the stock is currently owned by corporate insiders.

About FirstCash

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.

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