Police & Firemen s Retirement System of New Jersey Increases Holdings in FirstCash Holdings, Inc. $FCFS

Police & Firemen s Retirement System of New Jersey boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,802 shares of the company’s stock after buying an additional 599 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in FirstCash were worth $1,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of FirstCash by 92.9% during the 1st quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after acquiring an additional 249 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in FirstCash during the first quarter worth about $283,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in FirstCash during the first quarter worth about $536,000. Legato Capital Management LLC acquired a new position in FirstCash in the 1st quarter valued at about $307,000. Finally, Cetera Investment Advisers boosted its holdings in FirstCash by 42.2% in the 1st quarter. Cetera Investment Advisers now owns 6,035 shares of the company’s stock valued at $726,000 after purchasing an additional 1,790 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FCFS has been the subject of a number of recent analyst reports. Capital One Financial set a $160.00 price target on shares of FirstCash in a report on Tuesday, August 5th. Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Cowen restated a “buy” rating on shares of FirstCash in a research report on Friday, October 31st. Jefferies Financial Group upgraded FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Finally, Weiss Ratings upgraded shares of FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $167.00.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 4,000 shares of FirstCash stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $159.64, for a total value of $638,560.00. Following the completion of the transaction, the chief financial officer owned 93,567 shares in the company, valued at approximately $14,937,035.88. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $159.97, for a total transaction of $1,599,700.00. Following the sale, the chief operating officer owned 127,724 shares in the company, valued at approximately $20,432,008.28. This trade represents a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 50,000 shares of company stock worth $7,834,778. 2.93% of the stock is owned by company insiders.

FirstCash Trading Up 1.6%

FCFS opened at $150.46 on Friday. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $166.08. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $154.53 and a 200-day simple moving average of $141.28. The firm has a market cap of $6.64 billion, a P/E ratio of 23.11 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.35. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The firm had revenue of $904.27 million for the quarter, compared to the consensus estimate of $845.28 million. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. FirstCash’s dividend payout ratio is currently 24.24%.

FirstCash declared that its board has initiated a share buyback plan on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.