Militia Capital Partners LP Takes Position in FirstCash Holdings, Inc. $FCFS

Militia Capital Partners LP bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $797,000.

A number of other hedge funds have also made changes to their positions in FCFS. Rothschild Investment LLC raised its stake in shares of FirstCash by 127.8% in the 3rd quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after acquiring an additional 101 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after acquiring an additional 162 shares during the period. Community Bank N.A. purchased a new position in shares of FirstCash in the 3rd quarter valued at $32,000. High Point Wealth Management LLC purchased a new stake in FirstCash during the 4th quarter worth $33,000. Finally, Smartleaf Asset Management LLC increased its stake in FirstCash by 70.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $34,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

FCFS has been the topic of several analyst reports. Canaccord Genuity Group lifted their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research raised shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. TD Cowen lifted their price target on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $198.00.

Insider Buying and Selling

In other news, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares of the company’s stock, valued at approximately $32,181,902.54. The trade was a 6.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. The trade was a 5.30% 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. In the last three months, insiders have sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is currently owned by insiders.

FirstCash Stock Performance

FirstCash stock opened at $219.81 on Wednesday. FirstCash Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $235.97. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 27.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The firm’s fifty day moving average price is $217.55 and its 200 day moving average price is $190.26.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.39. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 EPS. On average, research analysts forecast that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Announces Dividend

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 $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s payout ratio is presently 21.05%.

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.