FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,793 shares of the company’s stock after selling 6,065 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of FirstCash worth $5,397,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in FirstCash by 17.4% in the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after acquiring an additional 63,219 shares during the last quarter. FMR LLC raised its holdings in FirstCash by 2.3% in the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in FirstCash in the 3rd quarter valued at about $297,000. Annex Advisory Services LLC raised its holdings in FirstCash by 46.2% in the 3rd quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock valued at $5,551,000 after acquiring an additional 17,486 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in FirstCash by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 379,994 shares of the company’s stock valued at $38,144,000 after acquiring an additional 64,867 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Up 0.5 %

Shares of NASDAQ FCFS opened at $132.07 on Friday. The company has a 50 day simple moving average of $120.21 and a 200-day simple moving average of $112.85. The company has a market capitalization of $5.96 billion, a P/E ratio of 27.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $132.31.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.25. The business had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. On average, equities research analysts predict that FirstCash Holdings, Inc. will post 6.9 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. FirstCash’s payout ratio is currently 29.17%.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 19,020 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the completion of the transaction, the director now owns 5,997,680 shares of the company’s stock, valued at approximately $703,767,771.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 19,020 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the completion of the transaction, the director now directly owns 5,997,680 shares of the company’s stock, valued at approximately $703,767,771.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,984 shares of company stock valued at $38,850,386. Company insiders own 18.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on FCFS shares. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $145.00 in a report on Wednesday. Stephens raised their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

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.