Beverly Hills Private Wealth LLC Sells 125 Shares of FirstCash Holdings, Inc. $FCFS

Beverly Hills Private Wealth LLC cut its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,665 shares of the company’s stock after selling 125 shares during the period. Beverly Hills Private Wealth LLC’s holdings in FirstCash were worth $360,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its position in shares of FirstCash by 14.5% during the first quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company’s stock worth $106,945,000 after purchasing an additional 112,349 shares during the period. Boston Partners raised its position in FirstCash by 6.5% in the 1st quarter. Boston Partners now owns 650,458 shares of the company’s stock valued at $78,385,000 after buying an additional 39,537 shares during the last quarter. Nuveen LLC purchased a new stake in FirstCash in the 1st quarter valued at $55,340,000. Goldman Sachs Group Inc. raised its position in FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after buying an additional 34,364 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in FirstCash by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 295,939 shares of the company’s stock valued at $35,607,000 after buying an additional 12,965 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on FCFS. Wall Street Zen raised FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price target on shares of FirstCash in a research report on Monday, October 6th. Capital One Financial set a $160.00 price target on FirstCash in a research report on Tuesday, August 5th. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Finally, Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $154.40.

FirstCash Stock Up 0.6%

Shares of NASDAQ:FCFS opened at $158.40 on Tuesday. The company has a market capitalization of $7.03 billion, a PE ratio of 24.33 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The business has a fifty day moving average price of $148.82 and a two-hundred day moving average price of $136.08. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $163.01.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. The business had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. This is an increase from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 15th. FirstCash’s payout ratio is presently 25.81%.

Insiders Place Their Bets

In other FirstCash news, CEO Rick L. Wessel sold 69,024 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the transaction, the chief executive officer owned 932,958 shares in the company, valued at $129,205,353.42. This trade represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $159.64, for a total value of $638,560.00. Following the completion of the transaction, the chief financial officer owned 93,567 shares of the company’s stock, valued at approximately $14,937,035.88. This represents a 4.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,000 shares of company stock worth $16,690,723 in the last quarter. 14.77% of the stock is owned by company insiders.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.