New York State Common Retirement Fund Acquires 12,838 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Common Retirement Fund boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,835 shares of the company’s stock after purchasing an additional 12,838 shares during the quarter. New York State Common Retirement Fund’s holdings in FirstCash were worth $20,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its position in shares of FirstCash by 2.3% during the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock valued at $658,158,000 after acquiring an additional 145,821 shares during the last quarter. Earnest Partners LLC boosted its position in shares of FirstCash by 1.0% during the 3rd quarter. Earnest Partners LLC now owns 2,206,042 shares of the company’s stock valued at $221,442,000 after acquiring an additional 22,067 shares during the last quarter. Boston Partners boosted its position in shares of FirstCash by 43.6% during the 3rd quarter. Boston Partners now owns 511,026 shares of the company’s stock valued at $51,858,000 after acquiring an additional 155,085 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FirstCash by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,461 shares of the company’s stock valued at $43,611,000 after acquiring an additional 3,617 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of FirstCash by 17.4% during the 3rd quarter. Sei Investments Co. now owns 426,752 shares of the company’s stock valued at $42,837,000 after acquiring an additional 63,219 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FCFS has been the subject of a number of research reports. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Stock Performance

NASDAQ:FCFS opened at $115.71 on Friday. The stock’s fifty day moving average is $122.13 and its 200 day moving average is $114.75. FirstCash Holdings, Inc. has a fifty-two week low of $88.05 and a fifty-two week high of $133.64. The firm has a market capitalization of $5.22 billion, a PE ratio of 22.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.96 and a current ratio of 3.99.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business had revenue of $836.40 million for the quarter, compared to analyst estimates of $846.08 million. During the same quarter last year, the firm posted $1.25 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.79 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.21%. FirstCash’s payout ratio is 27.29%.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the sale, the director now owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas Richard Rippel sold 17,395 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock worth $38,850,386 over the last quarter. Company insiders own 18.08% of the company’s stock.

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.