Kestra Private Wealth Services LLC Invests $283,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Key Points

• Kestra Private Wealth Services LLC acquired 2,355 shares of FirstCash Holdings, valued at approximately $283,000, during the first quarter.
• FirstCash reported an EPS of $1.79, exceeding analysts' estimates of $1.66, and it had a revenue of $830.62 million for the quarter.
• The company announced a quarterly dividend increase to $0.42 per share, up from $0.38, reflecting a 1.37% dividend yield.

Kestra Private Wealth Services LLC purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,355 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in FirstCash by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after buying an additional 22,009 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of FirstCash by 2.3% in the 4th quarter. Earnest Partners LLC now owns 2,338,671 shares of the company's stock valued at $242,286,000 after purchasing an additional 52,409 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of FirstCash by 76.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock valued at $135,046,000 after purchasing an additional 563,265 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FirstCash by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,043,531 shares of the company's stock valued at $108,107,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of FirstCash by 14.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock valued at $106,945,000 after purchasing an additional 112,349 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the sale, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. This trade represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.93% of the company's stock.

FirstCash Price Performance

NASDAQ FCFS traded up $3.90 on Thursday, hitting $134.12. 152,034 shares of the company were exchanged, compared to its average volume of 302,708. The firm has a 50 day moving average of $130.27 and a two-hundred day moving average of $123.04. The company has a market cap of $5.95 billion, a P/E ratio of 20.58 and a beta of 0.62. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $138.42.

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. FirstCash had a return on equity of 16.63% and a net margin of 8.61%. The firm had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. During the same period last year, the company earned $1.37 earnings per share. The company's revenue was up .0% on a year-over-year basis. On average, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 15th. This is an increase from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.25%. FirstCash's dividend payout ratio is presently 23.35%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.

FirstCash 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.