Evexia Wealth LLC Raises Position in FirstCash Holdings, Inc. $FCFS

Evexia Wealth LLC grew its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 41.3% during the first quarter, Holdings Channel reports. The fund owned 32,165 shares of the company’s stock after purchasing an additional 9,403 shares during the period. FirstCash makes up about 1.8% of Evexia Wealth LLC’s holdings, making the stock its 23rd biggest holding. Evexia Wealth LLC’s holdings in FirstCash were worth $6,577,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its position 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. Community Bank N.A. purchased a new position in FirstCash during the third quarter valued at $32,000. High Point Wealth Management LLC bought a new stake in shares of FirstCash during the 4th quarter valued at $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FirstCash by 531.7% during 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. Finally, SHP Wealth Management purchased a new stake in shares of FirstCash in the 4th quarter worth about $48,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

FCFS has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group lifted their target price on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $198.00.

FirstCash Stock Performance

FirstCash stock opened at $227.05 on Monday. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 28.45 and a beta of 0.52. The business’s fifty day simple moving average is $219.43 and its two-hundred day simple moving average is $191.69. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company’s revenue was up 25.7% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share 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 given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. FirstCash’s dividend payout ratio is 21.05%.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the transaction, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at approximately $8,121,980.86. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 20,400 shares in the company, valued at approximately $4,594,692. This represents a 25.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,500 shares of company stock worth $6,243,104 in the last ninety days. 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.