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

State of New Jersey Common Pension Fund D lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,787 shares of the company’s stock after selling 778 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FirstCash were worth $1,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of FirstCash during the 1st quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FirstCash during the 2nd quarter worth approximately $54,000. CWM LLC boosted its position in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after purchasing an additional 348 shares during the period. EntryPoint Capital LLC boosted its position in shares of FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock worth $107,000 after purchasing an additional 482 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $105.77 on Monday. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The stock has a market capitalization of $4.73 billion, a PE ratio of 19.59 and a beta of 0.64. The firm has a 50 day moving average of $111.90 and a two-hundred day moving average of $112.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. During the same period last year, the business earned $1.56 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. FirstCash’s payout ratio is 28.15%.

Analyst Ratings Changes

Several brokerages have commented on FCFS. Stephens began coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target for the company. TD Cowen decreased their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction on Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the sale, the director now owns 4,735,243 shares in the company, valued at $568,560,627.01. This represents a 0.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,154 shares of company stock worth $1,909,562. 14.77% of the stock is currently owned by corporate insiders.

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.