State Street Corp Boosts Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

State Street Corp boosted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,386,726 shares of the company’s stock after purchasing an additional 28,415 shares during the period. State Street Corp’s holdings in FirstCash were worth $159,196,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in FirstCash by 2.7% during the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock valued at $856,000 after acquiring an additional 195 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in FirstCash during the third quarter valued at approximately $1,136,000. Erste Asset Management GmbH bought a new stake in FirstCash during the third quarter valued at approximately $18,368,000. Edgestream Partners L.P. bought a new stake in FirstCash during the third quarter valued at approximately $1,680,000. Finally, Verition Fund Management LLC lifted its position in FirstCash by 8.5% during the third quarter. Verition Fund Management LLC now owns 3,604 shares of the company’s stock valued at $414,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Activity at FirstCash

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

FirstCash Trading Down 2.1 %

Shares of FCFS opened at $106.30 on Friday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. 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 50 day moving average price of $108.33 and a 200-day moving average price of $111.18.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million during 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 EPS. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared 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 of this dividend 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 is currently 28.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company. TD Cowen dropped 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.

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.