Sigma Planning Corp Buys Shares of 5,802 FirstCash Holdings, Inc. $FCFS

Sigma Planning Corp bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 1st quarter, HoldingsChannel reports. The fund bought 5,802 shares of the company’s stock, valued at approximately $1,091,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harbor Investment Advisory LLC bought a new stake in FirstCash during the 1st quarter valued at $26,000. CIBC Private Wealth Group LLC raised its stake in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in FirstCash in the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its holdings in FirstCash by 29.6% in the first quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after purchasing an additional 56 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in FirstCash by 531.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock valued at $41,000 after buying an additional 218 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FCFS has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, TD Cowen lifted their price objective on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

FirstCash Stock Performance

Shares of FCFS opened at $213.61 on Friday. The company has a market capitalization of $9.36 billion, a PE ratio of 26.77 and a beta of 0.53. 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 company’s 50 day moving average price is $221.93 and its 200 day moving average price is $199.51. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. Research analysts expect that FirstCash Holdings, Inc. will post 11.33 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Insider Activity

In related news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard F. Hambleton sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the transaction, the insider owned 32,406 shares in the company, valued at $7,337,042.46. This trade represents a 8.47% 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 quarter, insiders have sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is currently owned by company insiders.

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.