2,419 Shares in FirstCash Holdings, Inc. $FCFS Bought by Bauman Advisory Group LLC

Bauman Advisory Group LLC bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,419 shares of the company’s stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of FirstCash by 133.8% in the fourth quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock worth $89,588,000 after acquiring an additional 321,663 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of FirstCash by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares in the last quarter. AQR Capital Management LLC grew its position in shares of FirstCash by 67.6% in the 3rd quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after purchasing an additional 251,305 shares during the period. Alliancebernstein L.P. grew its position in shares of FirstCash by 280.5% in the 3rd quarter. Alliancebernstein L.P. now owns 305,856 shares of the company’s stock valued at $48,454,000 after purchasing an additional 225,466 shares during the period. Finally, Candriam S.C.A. bought a new stake in FirstCash during the 1st quarter worth approximately $28,371,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the transaction, the chief financial officer directly owned 35,734 shares in the company, valued at $8,121,980.86. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the transaction, the chief operating officer owned 140,846 shares of the company’s stock, valued at $32,181,902.54. The trade was a 6.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,500 shares of company stock valued at $6,243,104 in the last three months. 2.86% of the stock is currently owned by insiders.

FirstCash Trading Up 0.5%

NASDAQ FCFS opened at $216.38 on Friday. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 27.12 and a beta of 0.53. The stock’s 50 day moving average price is $222.21 and its two-hundred day moving average price is $199.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a yield of 0.8%. FirstCash’s dividend payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Canaccord Genuity Group upped their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. TD Cowen raised 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. Finally, Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. 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 stock. Based on data from MarketBeat, FirstCash has an average rating of “Moderate Buy” and an average target price of $199.25.

FirstCash 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.