Bauman Advisory Group LLC Invests $455,000 in FirstCash Holdings, Inc. $FCFS

Bauman Advisory Group LLC acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,419 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after buying an additional 312,132 shares during the last quarter. Geode Capital Management LLC lifted its stake in FirstCash by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after acquiring an additional 5,626 shares during the period. Sei Investments Co. grew its position in shares of FirstCash by 4.0% in the 3rd quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock valued at $117,644,000 after acquiring an additional 28,704 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of FirstCash by 67.6% during the 3rd quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock worth $97,503,000 after purchasing an additional 251,305 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

FirstCash Price Performance

Shares of FCFS opened at $216.38 on Friday. The firm has a market capitalization of $9.49 billion, a PE ratio of 27.12 and a beta of 0.53. The company’s 50-day moving average is $222.21 and its 200-day moving average is $199.41. FirstCash Holdings, Inc. has a fifty-two week low of $119.21 and a fifty-two week high of $235.97. 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 (NASDAQ:FCFS) last posted its earnings results on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. FirstCash’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 EPS. Equities analysts forecast that FirstCash Holdings, Inc. will post 11.33 EPS for the current year.

FirstCash Dividend Announcement

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

Insider Activity at FirstCash

In related news, COO Thomas Brent Stuart sold 10,000 shares of FirstCash stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the completion of the sale, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at approximately $32,181,902.54. This trade represents a 6.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. The trade was a 25.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,500 shares of company stock valued at $6,243,104. Insiders own 2.86% of the company’s stock.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of research analyst reports. Weiss Ratings cut shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Canaccord Genuity Group lifted their price target on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. TD Cowen boosted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, FirstCash currently has an average rating of “Moderate Buy” and an average target price of $199.25.

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.