Hennion & Walsh Asset Management Inc. Sells 1,451 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Hennion & Walsh Asset Management Inc. decreased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 38.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,297 shares of the company’s stock after selling 1,451 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in FirstCash were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCFS. Federated Hermes Inc. lifted its stake in FirstCash by 37.2% in the 2nd quarter. Federated Hermes Inc. now owns 3,925 shares of the company’s stock worth $412,000 after purchasing an additional 1,064 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of FirstCash by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 186,782 shares of the company’s stock worth $19,590,000 after purchasing an additional 2,112 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after buying an additional 15,780 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in FirstCash by 13.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,138 shares of the company’s stock valued at $324,000 after buying an additional 360 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in FirstCash by 290.8% during the 2nd quarter. Hsbc Holdings PLC now owns 15,082 shares of the company’s stock valued at $1,580,000 after buying an additional 11,223 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 0.8 %

Shares of NASDAQ FCFS opened at $113.00 on Wednesday. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The business’s 50 day moving average is $106.23 and its two-hundred day moving average is $110.35. The stock has a market capitalization of $5.06 billion, a P/E ratio of 20.93 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the company posted $1.56 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FCFS shares. TD Cowen decreased their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens started coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the 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.