State of Wyoming Sells 3,097 Shares of FirstCash Holdings, Inc. $FCFS

State of Wyoming decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 87.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449 shares of the company’s stock after selling 3,097 shares during the period. State of Wyoming’s holdings in FirstCash were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FCFS. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of FirstCash by 57.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,100 shares of the company’s stock valued at $866,000 after purchasing an additional 1,500 shares during the last quarter. Choreo LLC grew its stake in FirstCash by 19.1% during the 3rd quarter. Choreo LLC now owns 1,386 shares of the company’s stock worth $293,000 after buying an additional 222 shares during the last quarter. BOKF NA grew its stake in FirstCash by 3.3% during the 3rd quarter. BOKF NA now owns 2,508 shares of the company’s stock worth $530,000 after buying an additional 80 shares during the last quarter. John Boyer Inc. acquired a new position in FirstCash during the 3rd quarter valued at about $83,000. Finally, Verdence Capital Advisors LLC acquired a new position in FirstCash during the 3rd quarter valued at about $590,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

NASDAQ FCFS opened at $184.00 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 4.81 and a quick ratio of 3.42. The stock’s fifty day moving average price is $207.93 and its 200 day moving average price is $206.65. FirstCash Holdings, Inc. has a 1 year low of $146.95 and a 1 year high of $238.93. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 19.94 and a beta of 0.59.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.05. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. FirstCash had a return on equity of 20.17% and a net margin of 9.48%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 11.03 earnings per share for the current year.

FirstCash announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 28th that allows the company to repurchase $200 million in shares. This buyback authorization allows the company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 13th will be paid a $0.46 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from FirstCash’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.0%. FirstCash’s dividend payout ratio (DPR) is 19.93%.

Insider Transactions at FirstCash

In related news, COO Thomas Stuart sold 5,348 shares of FirstCash stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the completion of the sale, the chief operating officer owned 135,498 shares of the company’s stock, valued at $29,081,935.74. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Graves sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the sale, the director owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,098 shares of company stock valued at $3,051,281. 2.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen cut FirstCash from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. TD Cowen dropped their price target on FirstCash from $242.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Canaccord Genuity Group cut their price objective on shares of FirstCash from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Weiss Ratings lowered shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Stephens reiterated an “overweight” rating and issued a $250.00 target price on shares of FirstCash in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $247.50.

FirstCash Profile

FirstCash Holdings, Inc. operates pawn stores that provide short-term, non-recourse loans secured by personal property and sell previously owned merchandise. Its stores also purchase items from customers, including jewelry, electronics, tools and other goods. The company serves customers in the United States and Latin America, including Mexico, Guatemala, El Salvador and Colombia. Its retail operations offer a range of pre-owned goods, with jewelry among its key product categories. FirstCash was formed in 2016 through the merger of First Cash Financial Services and Cash America International.