49,150 Shares in FirstCash Holdings, Inc. $FCFS Purchased by AWH Capital L.P.

Key Points

• AWH Capital bought 49,150 FirstCash shares worth approximately $10.6 million, giving it a 0.11% stake. Other institutions also initiated positions, with hedge funds and institutional investors owning 80.3% of the stock.
• FirstCash exceeded quarterly expectations, reporting $2.50 in EPS and $1.07 billion in revenue, with revenue up 29.4% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $249.
• FCFS recently traded at $219.21 and pays a quarterly dividend of $0.42, equal to a 0.8% annual yield. Company insiders sold 17,183 shares worth $3.76 million over the past three months.

AWH Capital L.P. purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,150 shares of the company's stock, valued at approximately $10,632,128. FirstCash makes up approximately 0.0% of AWH Capital L.P.'s investment portfolio, making the stock its 3rd largest position. AWH Capital L.P. owned approximately 0.11% of FirstCash as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Formula Growth Ltd. purchased a new position in FirstCash in the second quarter valued at about $2,163,000. Coastal Bridge Advisors LLC purchased a new position in FirstCash in the second quarter valued at about $2,109,000. Public Employees Retirement System of Ohio purchased a new position in FirstCash in the second quarter valued at about $8,063,000. Corient Private Wealth LP purchased a new position in FirstCash in the second quarter valued at about $1,245,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in FirstCash in the second quarter valued at about $8,025,472. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FirstCash

In other news, COO Thomas Brent Stuart sold 5,348 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $214.63, for a total value of $1,147,841.24. Following the sale, the chief operating officer directly owned 135,498 shares in the company, valued at $29,081,935.74. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares in the company, valued at $4,594,692. This represents a 25.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,183 shares of company stock valued at $3,761,228 over the last three months. Company insiders own 2.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FCFS. Weiss Ratings cut shares of FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Loop Capital raised shares of FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price for the company in a report on Monday, August 10th. Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. TD Cowen increased their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, Zacks Research cut shares of FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $249.00.

FirstCash Stock Down 2.2%

FCFS stock opened at $219.21 on Friday. The company's 50 day simple moving average is $214.22 and its 200-day simple moving average is $208.69. The firm has a market capitalization of $9.51 billion, a PE ratio of 25.02 and a beta of 0.53. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company's quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 earnings per share. Equities analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.42 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash's dividend payout ratio is currently 19.18%.

About FirstCash

FirstCash, Inc NASDAQ: FCFS is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.

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