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

Arizona State Retirement System trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,719 shares of the company’s stock after selling 286 shares during the period. Arizona State Retirement System’s holdings in FirstCash were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of 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 period. FMR LLC boosted its holdings in FirstCash by 2.3% in the third quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after purchasing an additional 145,821 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in FirstCash in the third quarter valued at $297,000. Annex Advisory Services LLC boosted its holdings in FirstCash by 46.2% in the third quarter. Annex Advisory Services LLC now owns 55,304 shares of the company’s stock valued at $5,551,000 after purchasing an additional 17,486 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in FirstCash by 20.6% in the third quarter. Victory Capital Management Inc. now owns 379,994 shares of the company’s stock valued at $38,144,000 after purchasing an additional 64,867 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FCFS has been the topic of several recent research reports. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens upped their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd.

FirstCash Trading Down 0.8 %

FCFS stock opened at $131.07 on Tuesday. The company’s 50-day simple moving average is $120.48 and its 200-day simple moving average is $113.17. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. FirstCash Holdings, Inc. has a 52-week low of $88.05 and a 52-week high of $133.46. The firm has a market cap of $5.91 billion, a P/E ratio of 27.31 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business had revenue of $852.13 million for the quarter, compared to analyst estimates of $859.23 million. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 6.93 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s payout ratio is currently 29.17%.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the transaction, the director now owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $11,010,618.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the transaction, the director now owns 5,466,973 shares of the company’s stock, valued at approximately $649,093,704.29. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 in the last 90 days. Insiders own 18.08% 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.