FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,022 shares of the company’s stock after selling 423 shares during the period. State of Tennessee Department of Treasury’s holdings in FirstCash were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new stake in shares of FirstCash during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp raised its holdings in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Hurley Capital LLC purchased a new stake in FirstCash during the fourth quarter worth $74,000. R Squared Ltd acquired a new stake in FirstCash in the fourth quarter valued at $92,000. Finally, Parkside Financial Bank & Trust increased its position in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after buying an additional 94 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Price Performance

FCFS stock opened at $133.46 on Wednesday. The stock’s 50 day moving average price is $119.01 and its 200 day moving average price is $112.23. The firm has a market cap of $5.97 billion, a P/E ratio of 23.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $134.18.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million for the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.14%. FirstCash’s dividend payout ratio is currently 24.32%.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th.

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.