Odyssean LLC Buys Shares of 2,234 FirstCash Holdings, Inc. $FCFS

Odyssean LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,234 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its stake in FirstCash by 9.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after purchasing an additional 40,535 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in FirstCash by 70,840.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after purchasing an additional 43,921 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in shares of FirstCash during the 4th quarter worth about $17,439,000. Hsbc Holdings PLC acquired a new stake in shares of FirstCash during the 4th quarter worth about $5,476,000. Finally, Brant Point Investment Management LLC purchased a new stake in shares of FirstCash during the fourth quarter worth about $2,391,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FCFS shares. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. TD Cowen lifted their target price on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a report on Monday, August 10th. Finally, Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, FirstCash currently has a consensus rating of “Moderate Buy” and an average price target of $249.00.

FirstCash Stock Up 1.9%

FCFS opened at $224.07 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 25.58 and a beta of 0.53. The business has a 50-day moving average of $214.37 and a two-hundred day moving average of $208.62. FirstCash Holdings, Inc. has a 12 month low of $144.56 and a 12 month high of $238.93.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.7%. FirstCash’s dividend payout ratio is 19.18%.

Insider Activity at FirstCash

In other FirstCash news, SVP Raul Ramos sold 6,835 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. Also, COO Thomas Brent Stuart sold 5,348 shares of FirstCash stock in a transaction on Monday, August 17th. The shares were sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the completion of the transaction, the chief operating officer owned 135,498 shares in the company, valued at approximately $29,081,935.74. This trade represents a 3.80% decrease in their position. 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. Over the last three months, insiders sold 17,183 shares of company stock worth $3,761,228. 2.86% of the stock is currently owned by company insiders.

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.