FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by State of New Jersey Common Pension Fund D

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

A number of other institutional investors also recently bought and sold shares of FCFS. Allspring Global Investments Holdings LLC acquired a new position in FirstCash in the first quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FirstCash in the second quarter valued at about $54,000. CWM LLC boosted its holdings in shares of FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of FirstCash by 28.9% in the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after acquiring an additional 202 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in shares of FirstCash by 134.3% in the first quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock valued at $107,000 after acquiring an additional 482 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Stock Down 1.2 %

FCFS stock opened at $105.77 on Monday. The company has a market cap of $4.73 billion, a P/E ratio of 19.59 and a beta of 0.64. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The company’s 50-day moving average price is $111.90 and its 200 day moving average price is $112.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87.

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

FirstCash Dividend Announcement

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,154 shares of company stock worth $1,909,562. Insiders own 14.77% of the company’s stock.

FirstCash 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.