FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,326 shares of the company’s stock after buying an additional 140 shares during the quarter. Retirement Systems of Alabama owned approximately 0.10% of FirstCash worth $5,021,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FCFS. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of FirstCash by 86.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock worth $44,000 after purchasing an additional 205 shares in the last quarter. Headinvest LLC acquired a new position in FirstCash during the third quarter worth about $50,000. GAMMA Investing LLC purchased a new stake in shares of FirstCash in the fourth quarter valued at $69,000. Parkside Financial Bank & Trust grew its holdings in shares of FirstCash by 39.9% during the third quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock worth $70,000 after buying an additional 200 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of FirstCash by 16.2% in the third 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. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Activity

In related news, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,466,973 shares of the company’s stock, valued at approximately $649,093,704.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 307,964 shares of company stock worth $36,269,829. 18.08% of the stock is currently owned by corporate insiders.

FirstCash Stock Up 1.3 %

FCFS opened at $116.35 on Monday. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The firm has a 50 day moving average price of $121.83 and a 200 day moving average price of $115.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.03 and a current ratio of 3.99. The company has a market cap of $5.29 billion, a PE ratio of 22.68 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The business had revenue of $836.40 million for the quarter, compared to the consensus estimate of $846.08 million. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts expect that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

Wall Street Analysts Forecast Growth

FCFS has been the subject of several recent analyst reports. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th. 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, Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $140.00 in a research report on Monday, April 29th.

FirstCash Company 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.