FirstCash Holdings, Inc. $FCFS Holdings Raised by Cwm LLC

Cwm LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 116.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,467 shares of the company’s stock after buying an additional 3,481 shares during the period. Cwm LLC’s holdings in FirstCash were worth $1,025,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of FirstCash in the 2nd quarter worth approximately $25,000. IFP Advisors Inc increased its stake in shares of FirstCash by 181.6% during the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock valued at $39,000 after acquiring an additional 187 shares during the period. CX Institutional raised its holdings in FirstCash by 24.7% during the second quarter. CX Institutional now owns 434 shares of the company’s stock worth $59,000 after purchasing an additional 86 shares in the last quarter. Bayforest Capital Ltd lifted its position in FirstCash by 169.9% in the second quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock worth $61,000 after purchasing an additional 282 shares during the period. Finally, State of Wyoming acquired a new stake in FirstCash in the first quarter worth approximately $65,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of research reports. TD Cowen boosted their price objective on FirstCash from $181.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. Cowen reissued a “buy” rating on shares of FirstCash in a report on Friday, October 31st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $205.00 price objective on shares of FirstCash in a research note on Monday, December 8th. Finally, Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstCash currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

FirstCash Stock Performance

Shares of FCFS opened at $163.11 on Wednesday. The company has a 50-day moving average of $159.23 and a two-hundred day moving average of $148.48. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 23.54 and a beta of 0.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.99 and a quick ratio of 3.72. FirstCash Holdings, Inc. has a one year low of $104.14 and a one year high of $167.31.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.91 by $0.35. FirstCash had a net margin of 8.88% and a return on equity of 17.44%. The business had revenue of $904.27 million during the quarter, compared to the consensus estimate of $845.28 million. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. FirstCash’s dividend payout ratio (DPR) is 24.24%.

FirstCash declared that its Board of Directors has approved a share buyback plan on Thursday, October 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at FirstCash

In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $159.97, for a total transaction of $1,599,700.00. Following the completion of the sale, the chief operating officer directly owned 127,724 shares in the company, valued at approximately $20,432,008.28. This trade represents a 7.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick L. Wessel sold 20,000 shares of FirstCash stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $156.39, for a total value of $3,127,800.00. Following the transaction, the chief executive officer directly owned 866,982 shares in the company, valued at approximately $135,587,314.98. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,500 shares of company stock valued at $7,678,508 in the last ninety days. Company insiders own 14.77% of the company’s stock.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.