AQR Capital Management LLC Raises Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

AQR Capital Management LLC lifted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 54.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,007 shares of the company’s stock after purchasing an additional 39,270 shares during the quarter. AQR Capital Management LLC’s holdings in FirstCash were worth $11,642,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its position in FirstCash by 56,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,698 shares of the company’s stock valued at $184,000 after purchasing an additional 1,695 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of FirstCash in the 4th quarter valued at about $207,000. Campbell & CO Investment Adviser LLC purchased a new position in FirstCash in the fourth quarter worth about $430,000. Annex Advisory Services LLC increased its stake in FirstCash by 17.5% during the fourth quarter. Annex Advisory Services LLC now owns 65,001 shares of the company’s stock worth $7,045,000 after acquiring an additional 9,697 shares during the last quarter. Finally, Stephens Inc. AR raised its position in FirstCash by 23.6% during the fourth quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock valued at $3,050,000 after purchasing an additional 5,377 shares during the period. Institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,154 shares of company stock worth $1,912,562. 14.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on FirstCash in a report on Friday, June 7th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

FirstCash Price Performance

FCFS stock opened at $114.19 on Wednesday. The stock has a market cap of $5.19 billion, a PE ratio of 22.26 and a beta of 0.62. FirstCash Holdings, Inc. has a 12 month low of $97.81 and a 12 month high of $133.64. The company has a 50-day moving average price of $115.72 and a 200 day moving average price of $116.12. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.38 dividend. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. FirstCash’s dividend payout ratio (DPR) is presently 29.63%.

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.