State of New Jersey Common Pension Fund D Reduces Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

State of New Jersey Common Pension Fund D lessened its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,974 shares of the company’s stock after selling 2,088 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in FirstCash were worth $2,815,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in FirstCash by 86.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after buying an additional 205 shares during the last quarter. Headinvest LLC acquired a new stake in FirstCash during the 3rd quarter valued at $50,000. GAMMA Investing LLC acquired a new stake in FirstCash during the 4th quarter valued at $69,000. Parkside Financial Bank & Trust grew its holdings in FirstCash by 39.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock valued at $70,000 after buying an additional 200 shares during the last quarter. Finally, Covestor Ltd grew its holdings in FirstCash by 16.2% during the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

FCFS stock opened at $115.35 on Tuesday. The stock has a 50-day moving average price of $122.07 and a two-hundred day moving average price of $114.95. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.20 billion, a PE ratio of 22.49 and a beta of 0.62.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The firm had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, research analysts predict that FirstCash Holdings, Inc. will post 6.79 EPS for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s dividend payout ratio is presently 27.29%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock worth $38,850,386 over the last quarter. 18.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of analyst reports. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $140.00 in a report on Monday. Stephens lifted their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th.

About FirstCash

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.