RFG Advisory LLC Lowers Position in FirstCash Holdings, Inc. $FCFS

RFG Advisory LLC decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,047 shares of the company’s stock after selling 4,187 shares during the period. RFG Advisory LLC’s holdings in FirstCash were worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash in the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of FirstCash in the 1st quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in FirstCash in the 2nd quarter valued at approximately $34,000. Assetmark Inc. increased its stake in FirstCash by 113.2% in the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after purchasing an additional 162 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FirstCash

In other news, CFO R. Orr sold 2,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total transaction of $432,000.00. Following the completion of the sale, the chief financial officer directly owned 34,734 shares in the company, valued at $7,502,544. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the transaction, the insider directly owned 30,406 shares in the company, valued at $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,098 shares of company stock worth $3,051,281 in the last 90 days. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Up 0.9%

FCFS opened at $227.37 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 25.96 and a beta of 0.53. The business has a 50-day moving average of $214.76 and a two-hundred day moving average of $211.11. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.34 EPS. The company’s revenue was up 29.4% on a year-over-year basis. On average, research analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. FirstCash’s dividend payout ratio (DPR) is currently 19.18%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. TD Cowen lifted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.00.

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.