State of New Jersey Common Pension Fund D Increases Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

State of New Jersey Common Pension Fund D lifted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 19.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,981 shares of the company’s stock after purchasing an additional 3,194 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in FirstCash were worth $2,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FCFS. 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 valued at $65,000 after purchasing an additional 348 shares in the last quarter. Creative Planning boosted its holdings in FirstCash by 39.2% in the 3rd quarter. Creative Planning now owns 14,093 shares of the company’s stock worth $1,618,000 after buying an additional 3,966 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in FirstCash by 12.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 3,311 shares of the company’s stock worth $380,000 after buying an additional 366 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in FirstCash by 2.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock worth $1,240,000 after buying an additional 300 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in FirstCash in the 3rd quarter worth about $133,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FCFS. TD Cowen lowered their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens reiterated an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday.

FirstCash Trading Up 0.3 %

Shares of FirstCash stock opened at $114.59 on Friday. The stock has a market cap of $5.13 billion, a P/E ratio of 20.00 and a beta of 0.67. The stock’s 50 day simple moving average is $109.50 and its 200-day simple moving average is $111.23. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. Analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

Insider Transactions at FirstCash

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

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.