Evexia Wealth LLC Takes $3.35 Million Position in FirstCash Holdings, Inc. $FCFS

Evexia Wealth LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,824 shares of the company’s stock, valued at approximately $3,353,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of FirstCash during the 3rd quarter worth about $25,000. Rothschild Investment LLC grew its holdings in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock worth $29,000 after buying an additional 101 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FirstCash by 262.5% during the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock valued at $58,000 after buying an additional 273 shares during the period. Finally, Covestor Ltd lifted its stake in shares of FirstCash by 130.7% during the third quarter. Covestor Ltd now owns 413 shares of the company’s stock valued at $65,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

FCFS opened at $190.31 on Friday. FirstCash Holdings, Inc. has a 1 year low of $111.46 and a 1 year high of $197.92. The company’s 50 day simple moving average is $175.15 and its 200 day simple moving average is $161.54. The stock has a market capitalization of $8.37 billion, a PE ratio of 25.65 and a beta of 0.46. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.54 by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. FirstCash’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, February 18th. FirstCash’s dividend payout ratio is presently 22.64%.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 4,000 shares of FirstCash stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total value of $740,480.00. Following the transaction, the insider owned 35,406 shares in the company, valued at approximately $6,554,358.72. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $175.37, for a total value of $701,480.00. Following the sale, the chief financial officer directly owned 111,289 shares of the company’s stock, valued at approximately $19,516,751.93. This trade represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,500 shares of company stock valued at $5,438,945. 2.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. Canaccord Genuity Group set a $217.00 target price on shares of FirstCash in a research note on Friday, February 6th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a research note on Monday, December 29th. One equities research 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. Based on data from MarketBeat.com, FirstCash currently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

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.