Huntleigh Advisors Inc. Buys 200 Shares of FirstCash Holdings, Inc. $FCFS

Huntleigh Advisors Inc. increased its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,728 shares of the company’s stock after purchasing an additional 200 shares during the period. Huntleigh Advisors Inc.’s holdings in FirstCash were worth $504,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of FirstCash by 1.2% in the first quarter. Principal Financial Group Inc. now owns 132,236 shares of the company’s stock worth $15,911,000 after purchasing an additional 1,629 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position 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 last quarter. Freedom Day Solutions LLC bought a new position in FirstCash during the first quarter valued at approximately $1,524,000. FORA Capital LLC bought a new position in FirstCash during the first quarter valued at approximately $283,000. Finally, Teacher Retirement System of Texas grew its position in FirstCash by 18.2% during the first quarter. Teacher Retirement System of Texas now owns 11,522 shares of the company’s stock valued at $1,386,000 after acquiring an additional 1,771 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Performance

NASDAQ:FCFS opened at $157.44 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 24.18 and a beta of 0.69. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $163.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The business has a 50 day moving average price of $148.38 and a 200-day moving average price of $135.77.

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

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. FirstCash’s payout ratio is 25.81%.

Analysts Set New Price Targets

A number of research analysts have commented on FCFS shares. Wall Street Zen upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Cowen reiterated a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Loop Capital cut shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Friday, September 5th. Capital One Financial set a $160.00 price target on shares of FirstCash in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group upgraded shares of FirstCash to a “strong-buy” rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, FirstCash currently has an average rating of “Buy” and a consensus target price of $154.40.

Insider Buying and Selling

In related news, Director James H. Graves sold 6,000 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total value of $807,360.00. Following the completion of the sale, the director owned 15,846 shares of the company’s stock, valued at $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,852 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total value of $455,521.44. Following the completion of the sale, the chief financial officer directly owned 39,734 shares of the company’s stock, valued at $6,346,314.48. The trade was a 6.70% 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. 2.93% of the stock is owned by company insiders.

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.