Simplicity Wealth LLC Takes Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Simplicity Wealth LLC purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,060 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of FirstCash by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock valued at $440,332,000 after acquiring an additional 219,983 shares during the last quarter. Sei Investments Co. raised its holdings in FirstCash by 34.8% in the fourth quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after purchasing an additional 148,502 shares during the period. Acadian Asset Management LLC boosted its position in shares of FirstCash by 753.4% during the first quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after purchasing an additional 142,391 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of FirstCash by 1,216.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock valued at $13,430,000 after buying an additional 97,300 shares during the period. Finally, Boston Partners increased its position in shares of FirstCash by 17.8% in the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after buying an additional 94,010 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Stock Up 1.0 %

FCFS stock opened at $115.86 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. The stock has a market capitalization of $5.27 billion, a P/E ratio of 22.58 and a beta of 0.62. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.64. The business has a 50-day moving average of $108.92 and a 200-day moving average of $116.08.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, August 15th. This is a boost from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 1.31%. FirstCash’s payout ratio is 29.63%.

Analyst Ratings Changes

A number of research firms have issued reports on FCFS. BTIG Research assumed coverage on FirstCash in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $140.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.00.

Insider Transactions at FirstCash

In related news, Director Douglas Richard Rippel sold 720,950 shares of FirstCash stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total value of $85,000,005.00. Following the sale, the director now owns 4,746,023 shares of the company’s stock, valued at $559,556,111.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Douglas Richard Rippel sold 720,950 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total value of $85,000,005.00. Following the completion of the transaction, the director now directly owns 4,746,023 shares of the company’s stock, valued at $559,556,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The disclosure for this sale can be found here. Company insiders own 14.77% of the company’s stock.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.