FirstCash Holdings, Inc. $FCFS Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 251.2% during the first quarter, HoldingsChannel.com reports. The fund owned 13,032 shares of the company’s stock after acquiring an additional 9,321 shares during the period. SG Americas Securities LLC’s holdings in FirstCash were worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its position in FirstCash by 9.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after purchasing an additional 40,535 shares during the period. Evexia Wealth LLC lifted its stake in FirstCash by 41.3% in the first quarter. Evexia Wealth LLC now owns 32,165 shares of the company’s stock valued at $6,577,000 after buying an additional 9,403 shares during the last quarter. Pullen Investment Management LLC boosted its holdings in shares of FirstCash by 1.1% during the first quarter. Pullen Investment Management LLC now owns 20,492 shares of the company’s stock valued at $3,852,000 after acquiring an additional 229 shares during the period. Hsbc Holdings PLC bought a new position in shares of FirstCash during the fourth quarter worth about $5,476,000. Finally, SHP Wealth Management acquired a new stake in shares of FirstCash in the 4th quarter worth about $48,000. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling at FirstCash

In related news, Director Paula K. Garrett sold 1,500 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the completion of the sale, the director directly owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the transaction, the senior vice president owned 20,400 shares in the company, valued at approximately $4,594,692. This represents a 25.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,500 shares of company stock valued at $6,243,104 over the last 90 days. 2.86% of the stock is owned by insiders.

FirstCash Stock Up 1.0%

Shares of FCFS stock opened at $218.41 on Thursday. FirstCash Holdings, Inc. has a 1 year low of $119.21 and a 1 year high of $235.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The business’s fifty day moving average is $221.87 and its 200-day moving average is $195.06. The stock has a market cap of $9.58 billion, a PE ratio of 27.37 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 earnings per share. Equities analysts expect that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s payout ratio is 21.05%.

Analysts Set New Price Targets

A number of research firms have issued reports on FCFS. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. TD Cowen boosted their price target on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group raised their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.

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.