New York State Common Retirement Fund Sells 588 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

New York State Common Retirement Fund trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 185,105 shares of the company’s stock after selling 588 shares during the period. New York State Common Retirement Fund owned 0.41% of FirstCash worth $19,177,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CWM LLC raised its position in FirstCash by 157.5% in the third quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. R Squared Ltd bought a new position in FirstCash in the fourth quarter valued at about $92,000. Mirae Asset Global Investments Co. Ltd. bought a new position in FirstCash in the 3rd quarter valued at approximately $133,000. KBC Group NV raised its holdings in FirstCash by 20.5% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after buying an additional 205 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in FirstCash in the 3rd quarter valued at approximately $204,000. 80.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares of the company’s stock, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Price Performance

Shares of FCFS opened at $114.59 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The business has a 50-day moving average of $109.50 and a 200-day moving average of $111.23. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.67.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FCFS shares. Stephens reaffirmed an “overweight” rating and set a $137.00 price target on shares of FirstCash in a research note on Wednesday. TD Cowen lowered their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

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.