FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,800 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in FirstCash were worth $1,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Earnest Partners LLC raised its stake in FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after acquiring an additional 55,919 shares during the period. Dimensional Fund Advisors LP grew its position in FirstCash by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after purchasing an additional 15,780 shares during the last quarter. Hood River Capital Management LLC grew its position in FirstCash by 6.3% in the 1st quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock worth $112,197,000 after purchasing an additional 52,362 shares during the last quarter. Sei Investments Co. grew its position in FirstCash by 3.2% in the 2nd quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock worth $66,211,000 after purchasing an additional 19,868 shares during the last quarter. Finally, Boston Partners grew its position in FirstCash by 17.8% in the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after purchasing an additional 94,010 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

NASDAQ FCFS opened at $106.08 on Friday. FirstCash Holdings, Inc. has a 52 week low of $101.62 and a 52 week high of $133.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 19.64 and a beta of 0.62. The company has a 50-day moving average price of $113.98 and a two-hundred day moving average price of $113.92.

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

FirstCash Announces Dividend

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 paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.43%. FirstCash’s dividend payout ratio is presently 28.15%.

Analyst Ratings Changes

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 report on Monday, October 28th.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 2,864 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $120.01, for a total transaction of $343,708.64. Following the transaction, the director now owns 4,743,159 shares in the company, valued at $569,226,511.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Richard Rippel sold 2,864 shares of FirstCash stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $120.01, for a total transaction of $343,708.64. Following the completion of the transaction, the director now owns 4,743,159 shares in the company, valued at approximately $569,226,511.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,912,562 over the last quarter. 14.77% of the stock is currently owned by company insiders.

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.