Livforsakringsbolaget Skandia Omsesidigt Buys Shares of 28,400 FirstCash Holdings, Inc. $FCFS

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the second quarter, Holdings Channel reports. The institutional investor bought 28,400 shares of the company’s stock, valued at approximately $6,143,000.

Other large investors also recently modified their holdings of the company. AWH Capital L.P. bought a new stake in shares of FirstCash during the 2nd quarter valued at about $10,632,128. Formula Growth Ltd. acquired a new stake in FirstCash during the second quarter worth about $2,163,000. Coastal Bridge Advisors LLC bought a new position in FirstCash in the second quarter worth about $2,109,000. Public Employees Retirement System of Ohio acquired a new position in FirstCash in the second quarter valued at approximately $8,063,000. Finally, Corient Private Wealth LP bought a new position in shares of FirstCash during the second quarter valued at approximately $1,245,000. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’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 transaction, the chief financial officer owned 34,734 shares in the company, valued at approximately $7,502,544. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 business’s 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 transaction, the insider owned 30,406 shares of the company’s stock, valued at $6,475,869.88. This trade represents a 6.17% decrease in their position. 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 17,183 shares of company stock valued at $3,761,228 in the last quarter. 2.86% of the stock is owned by insiders.

FirstCash Trading Down 2.2%

FirstCash stock opened at $219.21 on Friday. FirstCash Holdings, Inc. has a 52-week low of $144.56 and a 52-week high of $238.93. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 25.02 and a beta of 0.53. The firm has a 50-day moving average price of $214.22 and a two-hundred day moving average price of $208.69.

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

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 14th. FirstCash’s dividend payout ratio is 19.18%.

About FirstCash

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.