FJ Capital Management LLC Purchases New Shares in FirstCash Holdings, Inc. $FCFS

Key Points

• FJ Capital Management LLC has acquired a new stake in FirstCash Holdings, Inc., purchasing 15,159 shares valued at approximately $1.82 million in the first quarter.
• FirstCash has increased its quarterly dividend from $0.38 to $0.42 per share, representing an annualized dividend of $1.68 and a yield of 1.1%.
• The company reported earnings of $1.79 per share, exceeding the consensus estimate of $1.66, alongside a revenue of $830.62 million for the quarter.

FJ Capital Management LLC acquired a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,159 shares of the company's stock, valued at approximately $1,824,000.

Several other institutional investors have also bought and sold shares of FCFS. Farther Finance Advisors LLC lifted its holdings in shares of FirstCash by 808.0% during the first 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 period. CX Institutional acquired a new stake in shares of FirstCash during the 1st quarter worth about $42,000. UMB Bank n.a. lifted its holdings in FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after purchasing an additional 283 shares during the last quarter. CWM LLC lifted its holdings in FirstCash by 92.9% during the 1st quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after purchasing an additional 249 shares during the last quarter. Finally, State of Wyoming acquired a new position in FirstCash in the first quarter valued at about $65,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Activity

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the sale, the insider directly owned 32,481 shares of the company's stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the sale, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. This trade represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,400 shares of company stock valued at $16,004,237. 2.93% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FCFS. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Capital One Financial set a $160.00 price target on FirstCash in a report on Tuesday, August 5th. Cowen reaffirmed a "buy" rating on shares of FirstCash in a research note on Monday, August 18th. Finally, Jefferies Financial Group upgraded shares of FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat, FirstCash currently has an average rating of "Buy" and a consensus price target of $142.33.

FirstCash Stock Up 0.7%

FCFS traded up $1.09 during trading on Thursday, reaching $150.83. The company had a trading volume of 147,572 shares, compared to its average volume of 305,640. The business's fifty day moving average price is $136.12 and its 200 day moving average price is $127.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The company has a market cap of $6.69 billion, a P/E ratio of 23.17 and a beta of 0.70. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $150.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data 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 firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Equities analysts anticipate 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. Stockholders of record on Friday, August 15th were given a $0.42 dividend. This is a boost from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. FirstCash's payout ratio is presently 25.81%.

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.