Fiera Capital Corp Buys New Stake in FirstCash Holdings, Inc. $FCFS

Fiera Capital Corp purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,040 shares of the company’s stock, valued at approximately $798,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of FirstCash in the second quarter worth about $25,000. Root Financial Partners LLC purchased a new position in FirstCash in the 3rd quarter worth approximately $25,000. Rothschild Investment LLC grew its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after acquiring an additional 101 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of FirstCash by 70.5% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of FirstCash by 262.5% in the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock valued at $58,000 after purchasing an additional 273 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FCFS. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

FirstCash Stock Up 0.2%

Shares of FirstCash stock opened at $183.45 on Monday. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 24.72 and a beta of 0.49. FirstCash Holdings, Inc. has a twelve month low of $109.51 and a twelve month high of $188.75. The company has a current ratio of 4.55, a quick ratio of 3.36 and a debt-to-equity ratio of 0.97. The business’s 50 day simple moving average is $169.57 and its 200-day simple moving average is $158.16.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $2.12 EPS. The firm’s revenue was up 19.8% on a year-over-year basis. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 18th will be given a $0.42 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.68 annualized dividend and a yield of 0.9%. FirstCash’s dividend payout ratio is 22.64%.

FirstCash announced that its board has authorized a stock repurchase program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $182.53, for a total value of $1,825,300.00. Following the sale, the chief operating officer owned 150,846 shares in the company, valued at approximately $27,533,920.38. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard F. Hambleton sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total value of $740,480.00. Following the transaction, the insider owned 35,406 shares of the company’s stock, valued at approximately $6,554,358.72. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 30,500 shares of company stock worth $5,438,945. 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.