Callan Family Office LLC bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,229 shares of the company's stock, valued at approximately $1,131,000.
Other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in FirstCash during the 1st quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in FirstCash in the 1st quarter valued at about $29,000. CIBC Private Wealth Group LLC increased its position in FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock valued at $31,000 after acquiring an additional 162 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of FirstCash in the fourth quarter worth about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of FirstCash in the second quarter worth about $34,000. 80.30% of the stock is owned by institutional investors.
FirstCash Stock Up 4.9%
Shares of FirstCash stock opened at $236.43 on Tuesday. The business has a fifty day simple moving average of $214.33 and a 200 day simple moving average of $207.62. The stock has a market cap of $10.25 billion, a PE ratio of 26.99 and a beta of 0.53. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. FirstCash Holdings, Inc. has a 12 month low of $144.40 and a 12 month high of $238.38.
FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company's revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. Research analysts predict that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.
FirstCash Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. FirstCash's payout ratio is currently 19.18%.
Wall Street Analyst Weigh In
Several research firms have recently commented on FCFS. Loop Capital raised shares of FirstCash from a "hold" rating to a "buy" rating and set a $255.00 price target on the stock in a research note on Monday, August 10th. Weiss Ratings cut shares of FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. Wall Street Zen downgraded FirstCash from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Zacks Research downgraded FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, TD Cowen increased their price objective on FirstCash from $235.00 to $240.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, FirstCash has a consensus rating of "Moderate Buy" and an average price target of $249.00.
View Our Latest Stock Report on FCFS
Insider Activity
In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total value of $425,960.00. Following the sale, the insider directly owned 30,406 shares in the company, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the completion of the sale, the chief financial officer owned 34,734 shares in the company, valued at approximately $7,502,544. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,348 shares of company stock worth $4,492,755 over the last three months. Company insiders own 2.86% of the company's stock.
FirstCash Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider FirstCash, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstCash wasn't on the list.
While FirstCash currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
