Retirement Systems of Alabama Raises Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Retirement Systems of Alabama boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,295 shares of the company’s stock after buying an additional 1,274 shares during the period. Retirement Systems of Alabama owned 0.11% of FirstCash worth $5,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FirstCash during the 2nd quarter worth $54,000. CWM LLC lifted its position in shares of FirstCash by 157.5% during the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 202 shares in the last quarter. Quarry LP grew its position in shares of FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after buying an additional 920 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FirstCash during the 3rd quarter worth approximately $133,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

FCFS has been the subject of several recent analyst reports. TD Cowen lowered 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. Stephens began coverage on FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

Insider Buying and Selling

In related 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 completion of the transaction, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Down 4.1 %

NASDAQ:FCFS opened at $100.54 on Thursday. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company has a market cap of $4.50 billion, a PE ratio of 18.62 and a beta of 0.65. The company’s 50 day moving average is $107.75 and its two-hundred day moving average is $110.84.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. Analysts anticipate that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, November 15th. FirstCash’s payout ratio is 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.