Soltis Investment Advisors LLC Acquires 4,394 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Financial Advisors


Soltis Investment Advisors LLC purchased a new position in FirstCash Holdings (NASDAQ:FCFS – Get Rating) during the fourth quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The company purchased 4,394 shares of its stock, worth approximately $382,000.

Other hedge funds also changed their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in his FirstCash shares worth approximately $42,000 in the fourth quarter. Quadrant Capital Group LLC raised his stake in FirstCash shares by 32.4% in the third quarter. Quadrant Capital Group LLC acquired an additional 148 shares during the period and now owns 605 shares in the company valued at $44,000. Covestor Ltd raised his stake in FirstCash shares by 87.3% in the first quarter. Covestor Ltd acquired an additional 322 of his shares during the period and he now owns 691 shares of the company, valued at $49,000. EverSource Wealth Advisors LLC increased his FirstCash holdings by 620.4% in the fourth quarter. EverSource Wealth Advisors LLC purchased an additional 670 shares last quarter and now owns 778 shares of the company, valued at $68,000. Finally, Financial Management Professionals Inc. increased his FirstCash holdings by 22.7% in the fourth quarter. Financial Management Professionals Inc. purchased an additional 179 shares last quarter and now owns 966 shares of the company, valued at $84,000. 78.78% of the shares are held by institutional investors and hedge funds.

First Cash shares drop 1.8%

The Nasdaq FCFS opened Friday at $101.49. The company has a debt to equity ratio of 0.72, a current ratio of 3.50 and a quick ratio of 2.66. The company’s 50-day simple moving average is $96.65 and its 200-day simple moving average is $92.16. FirstCash Holdings Ltd hit a 12-month low of $63.43 and a 12-month high of $105.68. The company has a market cap of $4.61 billion, a P/E of 17.47 and a beta of 0.83.

FirstCash (NASDAQ:FCFS – Get Rating) last announced its earnings results on Thursday, April 27th. The company reported EPS of $1.25 for the quarter, beating consensus expectations of $1.21 by $0.04. The business had sales of $762.74 million in the quarter, compared with analysts’ expectations of $725.91 million. FirstCash’s return on equity was 13.38% and net profit margin was 9.64%. FirstCash revenue increased by 15.6% compared to the same period last year. The company posted earnings per share of $1.18 in the year-ago quarter. Equity research analysts expect earnings per share of $5.52 for FirstCash Holdings this fiscal year.

Notice of first dividend

The company also recently announced a quarterly dividend payable on Wednesday, May 31. His $0.33 dividend will be issued to registered investors on Monday, May 15. The ex-dividend date is Friday, May 12. This equates to an annual dividend of $1.32 and a yield of 1.30%. FirstCash’s Dividend Payout Ratio (DPR) is currently 22.72%.

Wall Street analysts forecast growth

Several research analysts are giving their opinion on the stock price. Barclays raised its price target on First Cash shares to $125.00 from $108.00 in a report on Friday, April 28. StockNews.com downgraded FirstCash stock from a ‘buy’ rating to a ‘hold’ rating in a research report on Friday, April 28. Credit Suisse Group Inc. raised its price target on First Cash shares to $100.00 from $91.00 in a research report on Friday, April 28. Wedbush raised its price target on First Cash shares to $110.00 from $90.00 in a research report on Monday, May 1. Finally, Loop Capital raised its price target on First Cash stock to $105.00 from $90.00 in its research report on Monday, May 1. Three analysts rate the stock as a hold, while two analysts rate it as a buy. MarketBeat.com data shows FirstCash has an average rating of “Hold” and a consensus price target of $112.00.

insider trading

In other news, CFO R. Douglas Orr sold 7,500 shares of the company in a transaction on Tuesday, May 9. The stock sold at an average price of $104.00, bringing the total transaction value to his $780,000. Following the closing of the transaction, the Chief Financial Officer will directly own 57,234 shares of the company, valued at $5,952,336. The sale was disclosed in his SEC filings, which can be accessed at this link. Corporate insiders own 19.35% of the company’s shares.

First Cash Company Profile

(get rating)

FirstCash Holdings, Inc. operates retail pawn shops in the United States and Latin America. The pawn shop lends money against collateral for personal property that has been pawn, such as jewelry, electronics, tools, electrical appliances, sporting goods, and musical instruments, and is obtained by forfeiture of collateral for forfeited pawn loans or direct purchase of goods at stores. We retail the products we sell. From our customers.

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FirstCash Quarterly Institutional Ownership (NASDAQ:FCFS)

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