Evexia Wealth LLC Takes Position in FirstCash Holdings, Inc. $FCFS

Key Points

• Evexia Wealth LLC opened a new position in FirstCash, buying 21,824 shares in Q3 valued at about $3.35 million, while institutional investors collectively own roughly 80.30% of the stock.
• FirstCash recently beat estimates with Q results of $2.64 EPS vs. $2.54 expected and revenue of $1.06 billion (up 19.8% year-over-year); the stock trades near $190 with a market cap of $8.37 billion and a PE of 25.65, and analysts forecast ~7.7 EPS for the fiscal year.
• Insiders have been net sellers (30,500 shares sold totaling about $5.44 million in the last three months, insiders own 2.93%), and the company pays a quarterly dividend of $0.42 ($1.68 annualized, yield ~0.9%, payout ratio 22.64%).

Evexia Wealth LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,824 shares of the company's stock, valued at approximately $3,353,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of FirstCash in the third quarter valued at about $25,000. Rothschild Investment LLC grew its holdings in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company's stock worth $29,000 after buying an additional 101 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of FirstCash by 70.5% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company's stock worth $34,000 after buying an additional 91 shares during the last quarter. Jones Financial Companies Lllp increased its position in FirstCash by 262.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 377 shares of the company's stock valued at $58,000 after acquiring an additional 273 shares during the period. Finally, Covestor Ltd increased its position in FirstCash by 130.7% in the 3rd quarter. Covestor Ltd now owns 413 shares of the company's stock valued at $65,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $190.31 on Friday. The stock has a fifty day moving average price of $175.15 and a 200 day moving average price of $161.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The stock has a market cap of $8.37 billion, a PE ratio of 25.65 and a beta of 0.46. FirstCash Holdings, Inc. has a 1 year low of $111.46 and a 1 year high of $197.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $2.12 earnings per share. FirstCash's revenue was up 19.8% compared to the same quarter last year. Sell-side analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 18th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 18th. FirstCash's dividend payout ratio is presently 22.64%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FCFS shares. Zacks Research downgraded FirstCash from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 2nd. Weiss Ratings restated a "buy (b)" rating on shares of FirstCash in a research note on Monday, December 29th. Wall Street Zen cut shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. Finally, Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, FirstCash currently has a consensus rating of "Moderate Buy" and an average price target of $177.50.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $182.99, for a total transaction of $365,980.00. Following the completion of the transaction, the chief financial officer directly owned 36,734 shares of the company's stock, valued at $6,721,954.66. This trade represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Howard F. Hambleton sold 4,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total value of $740,480.00. Following the transaction, the insider owned 35,406 shares of the company's stock, valued at $6,554,358.72. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 30,500 shares of company stock valued at $5,438,945. Insiders own 2.93% of the company's stock.

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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