FirstCash Holdings, Inc. (NASDAQ:FCFS) Holdings Boosted by Bridgewater Associates LP

Bridgewater Associates LP grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,791 shares of the company’s stock after purchasing an additional 3,302 shares during the quarter. Bridgewater Associates LP’s holdings in FirstCash were worth $1,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in shares of FirstCash by 220.3% in the 1st quarter. Lazard Asset Management LLC now owns 977 shares of the company’s stock worth $124,000 after acquiring an additional 672 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of FirstCash by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,561 shares of the company’s stock valued at $2,750,000 after purchasing an additional 1,367 shares in the last quarter. Atria Investments Inc acquired a new stake in FirstCash in the first quarter worth about $1,189,000. Burney Co. grew its position in FirstCash by 6.9% in the 1st quarter. Burney Co. now owns 4,846 shares of the company’s stock valued at $618,000 after buying an additional 312 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in FirstCash by 2.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,794 shares of the company’s stock valued at $1,027,000 after buying an additional 239 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the 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 $9,375,401.20. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,974 shares of company stock valued at $688,080. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Stock Performance

NASDAQ:FCFS opened at $108.86 on Friday. 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 firm has a market cap of $4.87 billion, a price-to-earnings ratio of 20.16 and a beta of 0.64. The company has a 50-day moving average of $109.79 and a 200-day moving average of $111.89. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64.

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

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Analyst Ratings Changes

FCFS has been the subject of a number of research analyst reports. TD Cowen reduced their price target 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 initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target on the stock.

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.