Callan Family Office LLC Takes Position in FirstCash Holdings, Inc. $FCFS

Callan Family Office LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,229 shares of the company’s stock, valued at approximately $1,131,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in FirstCash by 9.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after acquiring an additional 40,535 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in FirstCash by 70,840.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock worth $7,010,000 after purchasing an additional 43,921 shares during the period. Fourth Sail Capital LP bought a new position in FirstCash during the 4th quarter worth about $17,439,000. Brant Point Investment Management LLC bought a new position in FirstCash during the 4th quarter worth about $2,391,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of FirstCash in the 4th quarter valued at about $5,476,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of research reports. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. TD Cowen boosted their target price on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and one has 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 an average price target of $249.00.

Insider Buying and Selling

In other news, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 $4,594,692. This represents a 25.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Howard F. Hambleton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the sale, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This represents a 6.17% 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. Over the last three months, insiders sold 20,348 shares of company stock valued at $4,492,755. 2.86% of the stock is currently owned by company insiders.

FirstCash Trading Up 4.9%

Shares of NASDAQ:FCFS opened at $236.43 on Tuesday. The company’s 50-day moving average price is $214.33 and its two-hundred day moving average price is $207.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. FirstCash Holdings, Inc. has a one year low of $144.40 and a one year high of $238.38. The stock has a market capitalization of $10.25 billion, a PE ratio of 26.99 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 annualized dividend and a yield of 0.7%. FirstCash’s dividend payout ratio is 19.18%.

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.