Blair William & Co. IL Makes New Investment in FirstCash Holdings, Inc. $FCFS

Key Points

• Blair William & Co. IL has acquired a new stake in FirstCash Holdings, purchasing 1,838 shares valued at approximately $248,000 in the second quarter.
• Analysts' ratings for FirstCash have varied, with Zacks Research upgrading it to a "strong-buy", while Loop Capital set a price objective of $145.00 after downgrading the stock.
• FirstCash recently increased its quarterly dividend to $0.42 per share, representing a 10.53% increase from the previous payout and resulting in a yield of 1.1%.

Blair William & Co. IL acquired 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,838 shares of the company's stock, valued at approximately $248,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of FirstCash by 117.1% in the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the company's stock valued at $260,000 after acquiring an additional 1,164 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FirstCash by 8.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company's stock valued at $413,000 after acquiring an additional 265 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of FirstCash by 1.4% in the 1st quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company's stock valued at $1,029,000 after acquiring an additional 120 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of FirstCash by 18.3% in the 1st quarter. Blue Trust Inc. now owns 3,300 shares of the company's stock valued at $397,000 after acquiring an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of FirstCash from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Loop Capital downgraded shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research note on Friday, September 5th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research note on Tuesday, August 5th. Weiss Ratings reissued a "buy (b)" rating on shares of FirstCash in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $200.00 price objective on shares of FirstCash in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $154.40.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 4,000 shares of FirstCash stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total transaction of $638,560.00. Following the transaction, the chief financial officer directly owned 93,567 shares of the company's stock, valued at $14,937,035.88. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $134.56, for a total transaction of $807,360.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,000 shares of company stock valued at $16,690,723 over the last ninety days. 2.93% of the stock is owned by company insiders.

FirstCash Stock Performance

Shares of NASDAQ:FCFS opened at $157.44 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 24.18 and a beta of 0.69. The firm's 50 day simple moving average is $148.38 and its 200-day simple moving average is $135.77. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $163.01. 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 (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. The business had revenue of $830.62 million for 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%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

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

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