New York State Teachers Retirement System Reduces Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Teachers Retirement System reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,993 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in FirstCash were worth $5,510,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of FirstCash during the first quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FirstCash during the 2nd quarter valued at $54,000. Whittier Trust Co. grew its position in shares of FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after buying an additional 176 shares during the period. CWM LLC increased its stake in shares of FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after acquiring an additional 348 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in FirstCash by 28.9% during the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after acquiring an additional 202 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Activity at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 600 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares in the company, valued at $568,560,627.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 600 shares of FirstCash stock in a transaction on Friday, September 6th. The shares were sold at an average price of $120.07, for a total transaction of $72,042.00. Following the transaction, the director now owns 4,735,243 shares in the company, valued at approximately $568,560,627.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,154 shares of company stock worth $1,909,562. Corporate insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

FirstCash Stock Up 0.9 %

FCFS stock opened at $107.08 on Wednesday. The business’s 50-day moving average is $113.74 and its two-hundred day moving average is $113.53. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same period in the previous year, the business posted $1.56 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.42%. FirstCash’s dividend payout ratio is currently 28.15%.

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.