Sigma Planning Corp Makes New Investment in FirstCash Holdings, Inc. $FCFS

Sigma Planning Corp bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,802 shares of the company’s stock, valued at approximately $1,091,000.

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

FirstCash Trading Down 1.3%

FirstCash stock opened at $213.61 on Friday. The firm’s 50-day moving average is $221.93 and its 200-day moving average is $199.51. 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 1 year low of $119.21 and a 1 year high of $235.97. The company has a market cap of $9.36 billion, a P/E ratio of 26.77 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. On average, equities analysts expect that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current year.

FirstCash Announces Dividend

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

Insider Buying and Selling at FirstCash

In related news, insider Howard F. Hambleton sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the sale, the insider owned 32,406 shares of the company’s stock, valued at approximately $7,337,042.46. This trade represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the transaction, the chief financial officer owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This represents a 5.30% decrease in their position. 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 three months, insiders sold 27,500 shares of company stock worth $6,243,104. Corporate insiders own 2.86% of the company’s stock.

Analyst Ratings Changes

FCFS has been the subject of several research analyst reports. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. TD Cowen boosted their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Canaccord Genuity Group increased their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.25.

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.