Sei Investments Co. grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 2.2% in the first quarter, Holdings Channel reports. The fund owned 794,005 shares of the company’s stock after acquiring an additional 17,177 shares during the quarter. Sei Investments Co.’s holdings in FirstCash were worth $149,273,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new stake in shares of FirstCash in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. purchased a new position in FirstCash in the 1st quarter valued at approximately $29,000. CIBC Private Wealth Group LLC raised its holdings in FirstCash by 490.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after acquiring an additional 162 shares during the period. High Point Wealth Management LLC purchased a new stake in shares of FirstCash during the fourth quarter worth $33,000. Finally, Assetmark Inc. boosted its holdings in shares of FirstCash by 113.2% in the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after acquiring an additional 103 shares during the period. Institutional investors own 80.30% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on FCFS shares. TD Cowen boosted their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group boosted their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.25.
Key Headlines Impacting FirstCash
Here are the key news stories impacting FirstCash this week:
- Positive Sentiment: FirstCash delivered record second-quarter operating results, with earnings and revenue beating estimates on strong pawn demand. Article Title
- Positive Sentiment: The board declared a quarterly dividend of $0.42 per share and authorized a new $150 million share repurchase program, signaling confidence in cash flow and capital returns. Article Title
- Neutral Sentiment: FirstCash announced a planned CEO transition for 2027, with Brent Stuart set to take over and Rick Wessel moving to Executive Chairman, indicating a long-term succession plan rather than an abrupt change. Article Title
FirstCash Stock Down 5.4%
FCFS opened at $197.41 on Friday. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The business’s 50-day moving average price is $220.18 and its 200-day moving average price is $201.13. The company has a market cap of $8.65 billion, a P/E ratio of 24.74 and a beta of 0.53.
FirstCash (NASDAQ:FCFS – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $1.34 EPS. FirstCash’s quarterly revenue was up 29.4% compared to the same quarter last year. On average, equities analysts expect that FirstCash Holdings, Inc. will post 11.33 EPS for the current year.
FirstCash Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.42 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.9%. FirstCash’s payout ratio is presently 21.05%.
Insider Activity
In other news, Director Paula K. Garrett sold 1,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $217.40, for a total transaction of $326,100.00. Following the completion of the sale, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of FirstCash stock in a transaction on Monday, May 18th. The stock was sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the completion of the transaction, the chief operating officer directly owned 140,846 shares in the company, valued at approximately $32,181,902.54. The trade was a 6.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 27,500 shares of company stock valued at $6,243,104. Corporate insiders own 2.86% of the company’s stock.
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.
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