Gaddis Premier Wealth Advisors LLC Takes Position in FirstCash Holdings, Inc. $FCFS

Gaddis Premier Wealth Advisors LLC bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,468 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in FirstCash during the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. bought a new position in shares of FirstCash in the first quarter valued at approximately $29,000. 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 buying an additional 162 shares during the last quarter. High Point Wealth Management LLC purchased a new position in shares of FirstCash during the fourth quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in FirstCash by 531.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock worth $41,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FCFS. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. TD Cowen increased their target price on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Canaccord Genuity Group raised their price target on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

Insider Buying and Selling at FirstCash

In related news, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 20,400 shares in the company, valued at approximately $4,594,692. This represents a 25.10% decrease in their position. The sale was disclosed in a filing 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 that occurred on Monday, May 18th. The shares were 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 owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 27,500 shares of company stock valued at $6,243,104. Insiders own 2.86% of the company’s stock.

FirstCash Stock Performance

NASDAQ:FCFS opened at $216.38 on Friday. The company has a market capitalization of $9.49 billion, a P/E ratio of 27.12 and a beta of 0.53. The business has a fifty day simple moving average of $222.21 and a two-hundred day simple moving average of $199.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. FirstCash Holdings, Inc. has a 1 year low of $119.21 and a 1 year high of $235.97.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The firm had revenue of $1.05 billion for 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 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, analysts expect that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current year.

FirstCash Announces Dividend

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

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.