Wealth Enhancement Advisory Services LLC Increases Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Wealth Enhancement Advisory Services LLC increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,717 shares of the company’s stock after purchasing an additional 312 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FirstCash were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCFS. Allspring Global Investments Holdings LLC purchased a new stake in shares of FirstCash in the first quarter valued at $26,000. Texas Permanent School Fund Corp grew its position in shares of FirstCash by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 32,372 shares of the company’s stock valued at $4,129,000 after purchasing an additional 419 shares during the period. Quantbot Technologies LP boosted its holdings in FirstCash by 43.5% in the first quarter. Quantbot Technologies LP now owns 6,096 shares of the company’s stock valued at $777,000 after acquiring an additional 1,849 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in FirstCash by 10.2% in the first quarter. Russell Investments Group Ltd. now owns 80,262 shares of the company’s stock valued at $10,230,000 after acquiring an additional 7,399 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in FirstCash by 4.8% in the first quarter. ProShare Advisors LLC now owns 8,579 shares of the company’s stock valued at $1,094,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,909,562 over the last quarter. 14.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, TD Cowen reduced their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th.

FirstCash Price Performance

Shares of FirstCash stock opened at $109.08 on Monday. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The stock has a market capitalization of $4.88 billion, a P/E ratio of 20.20 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average price is $113.03 and its 200 day moving average price is $113.02.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

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.