Louisiana State Employees Retirement System Acquires Shares of 10,400 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Louisiana State Employees Retirement System acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,400 shares of the company’s stock, valued at approximately $1,127,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in FirstCash by 86.5% in 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 in the third quarter valued at approximately $50,000. Parkside Financial Bank & Trust boosted its position 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 during the period. Covestor Ltd boosted its position in shares of FirstCash by 16.2% during the third quarter. Covestor Ltd now owns 985 shares of the company’s stock worth $99,000 after buying an additional 137 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of FirstCash by 20.5% during the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock worth $157,000 after buying an additional 267 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $132.50 on Wednesday. FirstCash Holdings, Inc. has a 12 month low of $88.05 and a 12 month high of $133.46. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 27.60 and a beta of 0.62. The stock’s 50 day moving average price is $122.05 and its 200 day moving average price is $114.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. FirstCash’s dividend payout ratio is currently 29.17%.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of FirstCash stock in a transaction that occurred on 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 transaction, the director now directly owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of FirstCash stock in a transaction that occurred on 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 transaction, the director now directly owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 329,984 shares of company stock valued at $38,850,386. Corporate insiders own 18.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens boosted their price objective on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

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.