Janney Montgomery Scott LLC Boosts Position in FirstCash Holdings, Inc. $FCFS

Janney Montgomery Scott LLC raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 196.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,538 shares of the company’s stock after acquiring an additional 9,628 shares during the period. Janney Montgomery Scott LLC’s holdings in FirstCash were worth $2,733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FCFS. CIBC Private Wealth Group LLC raised its holdings 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 worth $31,000 after purchasing an additional 162 shares during the last quarter. Community Bank N.A. purchased a new position in shares of FirstCash during the 3rd quarter valued at about $32,000. High Point Wealth Management LLC acquired a new position in shares of FirstCash in the 4th quarter valued at about $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of FirstCash by 531.7% in 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 during the period. Finally, Danske Bank A S purchased a new stake in shares of FirstCash in the third quarter worth about $48,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FirstCash

In other news, SVP Raul Ramos sold 6,835 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer owned 35,734 shares of the company’s stock, valued at approximately $8,121,980.86. This trade represents a 5.30% 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 sold a total of 27,500 shares of company stock valued at $6,243,104 in the last three months. Company insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $223.25 on Wednesday. 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 Holdings, Inc. has a 12-month low of $119.21 and a 12-month high of $235.97. The business’s 50 day moving average is $222.80 and its two-hundred day moving average is $196.74. The company has a market capitalization of $9.79 billion, a P/E ratio of 27.98 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 EPS 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 earnings per share. Analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group raised their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, TD Cowen boosted their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company 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.