State Street Corp Acquires 28,415 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

State Street Corp raised its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,386,726 shares of the company’s stock after buying an additional 28,415 shares during the period. State Street Corp owned about 3.10% of FirstCash worth $159,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC lifted its stake in shares of FirstCash by 18.3% in the third quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after buying an additional 1,037,601 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of FirstCash by 2.4% in the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after buying an additional 55,919 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock valued at $110,867,000 after buying an additional 15,780 shares in the last quarter. Sei Investments Co. lifted its stake in shares of FirstCash by 3.2% in the second quarter. Sei Investments Co. now owns 631,303 shares of the company’s stock valued at $66,211,000 after buying an additional 19,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FirstCash by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after buying an additional 37,810 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FCFS has been the topic of a number of recent analyst reports. Stephens initiated coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock. TD Cowen dropped their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

FirstCash Stock Down 2.1 %

FCFS opened at $106.30 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The company’s 50-day moving average is $108.33 and its 200 day moving average is $111.18. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The firm has a market capitalization of $4.76 billion, a P/E ratio of 19.69 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $843.94 million. During the same quarter last year, the company posted $1.56 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts expect that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 14.77% of the stock is currently owned by corporate insiders.

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.