Wellington Grp LLC Grows Stake in FirstCash Holdings, Inc. $FCFS

Wellington Grp LLC raised its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 43,752.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,209 shares of the company’s stock after acquiring an additional 9,188 shares during the period. Wellington Grp LLC’s holdings in FirstCash were worth $1,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash in the 1st quarter worth about $26,000. Geneos Wealth Management Inc. purchased a new stake in FirstCash during the 1st quarter valued at about $29,000. Assetmark Inc. increased its stake in FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in FirstCash by 490.9% during the 4th 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. Finally, High Point Wealth Management LLC purchased a new position in FirstCash in the fourth quarter worth about $33,000. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCFS. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 24th. TD Cowen boosted their price objective on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group boosted their price target on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.25.

FirstCash Stock Up 1.0%

FCFS opened at $204.01 on Friday. 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 50 day moving average price of $217.36 and a 200-day moving average price of $202.48. FirstCash Holdings, Inc. has a twelve month low of $128.90 and a twelve month high of $235.97. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 23.29 and a beta of 0.53.

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

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s payout ratio is currently 19.18%.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was 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 approximately $7,337,042.46. This trade represents a 8.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,000 shares of company stock valued at $5,917,004 over the last 90 days. 2.86% of the stock is owned by corporate 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.