State of Wyoming Purchases New Stake in FirstCash Holdings, Inc. $FCFS

State of Wyoming purchased a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,546 shares of the company’s stock, valued at approximately $767,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of FirstCash in the second quarter valued at $7,464,000. Arista Wealth Management LLC lifted its stake in shares of FirstCash by 1.4% during the 2nd quarter. Arista Wealth Management LLC now owns 4,193 shares of the company’s stock worth $907,000 after buying an additional 56 shares during the last quarter. Apella Capital LLC bought a new stake in shares of FirstCash during the 2nd quarter worth about $253,000. GAMMA Investing LLC boosted its holdings in shares of FirstCash by 24.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock worth $688,000 after buying an additional 625 shares during the period. Finally, Avior Wealth Management LLC bought a new position in FirstCash in the 2nd quarter valued at about $211,000. 80.30% of the stock is owned by institutional investors.

FirstCash Stock Performance

NASDAQ:FCFS opened at $214.75 on Monday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 24.51 and a beta of 0.53. FirstCash Holdings, Inc. has a fifty-two week low of $135.64 and a fifty-two week high of $235.97. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The stock has a fifty day moving average price of $214.79 and a 200-day moving average price of $205.58.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $1.34 earnings per share. FirstCash’s revenue was up 29.4% on a year-over-year basis. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend yield of 0.8%. FirstCash’s payout ratio is presently 19.18%.

Insider Buying and Selling

In related news, SVP Raul Ramos sold 6,835 shares of the 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 owned 20,400 shares in the company, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Howard F. Hambleton sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the sale, the insider owned 32,406 shares in the company, valued at $7,337,042.46. This represents a 8.47% 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. In the last ninety days, insiders have sold 13,000 shares of company stock valued at $2,950,204. 2.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group increased their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. TD Cowen lifted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. Finally, Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $249.00.

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.