Freedom Day Solutions LLC Has $2.19 Million Stock Position in FirstCash Holdings, Inc. $FCFS

Key Points

• Freedom Day Solutions LLC increased its stock position in FirstCash Holdings, Inc. by 28.1% in the second quarter, bringing its total holdings to 16,230 shares valued at approximately $2.19 million.
• FirstCash reported quarterly earnings of $1.79 per share, surpassing analysts' expectations by $0.13, with a revenue of $830.62 million for the quarter.
• The company has raised its quarterly dividend to $0.42 per share, reflecting an increase from the previous $0.38, which corresponds to an annual yield of 1.1%.

Freedom Day Solutions LLC grew its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 28.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,230 shares of the company's stock after acquiring an additional 3,560 shares during the quarter. Freedom Day Solutions LLC's holdings in FirstCash were worth $2,193,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Callan Family Office LLC boosted its holdings in shares of FirstCash by 80.9% in the 2nd quarter. Callan Family Office LLC now owns 4,288 shares of the company's stock valued at $579,000 after buying an additional 1,917 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of FirstCash in the 2nd quarter valued at approximately $248,000. KLP Kapitalforvaltning AS boosted its holdings in shares of FirstCash by 5.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company's stock valued at $1,135,000 after buying an additional 400 shares during the last quarter. Sendero Wealth Management LLC boosted its holdings in shares of FirstCash by 1.2% in the 2nd quarter. Sendero Wealth Management LLC now owns 7,580 shares of the company's stock valued at $1,024,000 after buying an additional 88 shares during the last quarter. Finally, 111 Capital acquired a new stake in shares of FirstCash in the 2nd quarter valued at approximately $360,000. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Down 1.0%

FCFS opened at $154.41 on Friday. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $158.93. The stock's fifty day simple moving average is $145.68 and its 200 day simple moving average is $134.16. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The stock has a market cap of $6.85 billion, a PE ratio of 23.72 and a beta of 0.69.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The business had revenue of $830.62 million for the quarter, compared to analysts' expectations of $820.42 million. During the same quarter in the prior year, the business earned $1.37 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. This is a positive change from FirstCash's previous quarterly dividend of $0.38. FirstCash's dividend payout ratio (DPR) is 25.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FCFS. Cowen reissued a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Wall Street Zen raised FirstCash from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Loop Capital downgraded FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Finally, Capital One Financial set a $160.00 price target on FirstCash in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $154.40.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the transaction, the director owned 15,846 shares in the company, valued at $2,132,237.76. This trade represents a 27.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $148.41, for a total value of $445,230.00. Following the transaction, the chief financial officer owned 97,567 shares in the company, valued at $14,479,918.47. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,500 shares of company stock worth $15,493,610 in the last 90 days. Company insiders own 2.93% of the company's stock.

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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