Yousif Capital Management LLC Sells 387 Shares of FirstCash Holdings, Inc. $FCFS

Yousif Capital Management LLC trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,919 shares of the company’s stock after selling 387 shares during the period. Yousif Capital Management LLC’s holdings in FirstCash were worth $1,205,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FCFS. Farther Finance Advisors LLC boosted its holdings in 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. GAMMA Investing LLC boosted its holdings in FirstCash by 117.1% during the first quarter. GAMMA Investing LLC now owns 2,158 shares of the company’s stock valued at $260,000 after acquiring an additional 1,164 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in FirstCash by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,429 shares of the company’s stock valued at $413,000 after acquiring an additional 265 shares during the period. State of Alaska Department of Revenue boosted its holdings in FirstCash by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company’s stock valued at $1,029,000 after acquiring an additional 120 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in FirstCash by 2.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 36,232 shares of the company’s stock valued at $4,359,000 after acquiring an additional 882 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FCFS. Cowen reaffirmed a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of FirstCash in a research report on Monday, October 6th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Wall Street Zen raised shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $154.40.

FirstCash Stock Performance

NASDAQ:FCFS opened at $153.38 on Wednesday. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $163.01. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $6.81 billion, a PE ratio of 23.56 and a beta of 0.69. The firm has a 50-day moving average price of $149.12 and a 200 day moving average price of $136.20.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The firm had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Rick L. Wessel sold 69,024 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the transaction, the chief executive officer owned 932,958 shares of the company’s stock, valued at $129,205,353.42. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Graves sold 6,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the transaction, the director directly owned 15,846 shares of the company’s stock, valued at $2,132,237.76. This trade represents a 27.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock valued at $16,690,723 over the last quarter. Corporate insiders own 14.77% 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.