FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Position Raised by State Street Corp

State Street Corp grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,386,726 shares of the company's stock after buying an additional 28,415 shares during the period. State Street Corp owned 3.10% of FirstCash worth $159,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FCFS. Envestnet Portfolio Solutions Inc. grew its position in FirstCash by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock valued at $228,000 after acquiring an additional 95 shares during the period. Thrivent Financial for Lutherans increased its position in FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company's stock worth $1,050,000 after purchasing an additional 138 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock valued at $129,000 after buying an additional 164 shares during the period. Fifth Third Bancorp raised its holdings in FirstCash by 1.0% in the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock valued at $1,809,000 after buying an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in FirstCash by 8.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company's stock worth $252,000 after buying an additional 194 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company's stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 14.77% of the company's stock.

FirstCash Stock Down 2.1 %

Shares of FCFS traded down $2.30 during mid-day trading on Friday, reaching $106.30. 265,522 shares of the stock traded hands, compared to its average volume of 246,955. The stock has a fifty day simple moving average of $108.33 and a 200 day simple moving average of $111.18. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.69 and a beta of 0.65.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 EPS. Sell-side analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash's payout ratio is currently 28.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FCFS shares. Stephens started coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 target price on the stock. TD Cowen cut their price objective on FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock 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.