FirstCash Holdings, Inc. $FCFS Stock Holdings Increased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC raised its stock position in FirstCash Holdings, Inc. by 4.8%, acquiring a total of 200,046 shares worth approximately $23.95 million as of the latest SEC filing.
• FirstCash recently reported quarterly earnings of $1.79 per share, exceeding analysts' estimates, and revenue of $830.62 million, marking a slight year-over-year growth.
• The company announced an increase in its quarterly dividend to $0.42 per share, reflecting a 10.53% increase from the previous dividend and a yield of 1.1% for shareholders.

AQR Capital Management LLC boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,046 shares of the company's stock after acquiring an additional 9,103 shares during the quarter. AQR Capital Management LLC owned 0.45% of FirstCash worth $23,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after acquiring an additional 202 shares during the last quarter. CX Institutional acquired a new position in FirstCash in the first quarter valued at $42,000. UMB Bank n.a. boosted its holdings in FirstCash by 167.5% in the first quarter. UMB Bank n.a. now owns 452 shares of the company's stock valued at $54,000 after acquiring an additional 283 shares during the last quarter. CWM LLC boosted its holdings in FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company's stock valued at $62,000 after acquiring an additional 249 shares during the last quarter. Finally, State of Wyoming acquired a new position in FirstCash in the first quarter valued at $65,000. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Stock Down 1.2%

Shares of NASDAQ FCFS traded down $1.73 during midday trading on Friday, reaching $146.34. 157,786 shares of the company's stock were exchanged, compared to its average volume of 256,529. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $150.92. The stock has a market capitalization of $6.49 billion, a PE ratio of 22.48 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The business's fifty day moving average price is $137.70 and its two-hundred day moving average price is $129.51.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. During the same quarter last year, the company earned $1.37 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. Analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.1%. FirstCash's dividend payout ratio is 25.81%.

Analysts Set New Price Targets

Several research firms have commented on FCFS. Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. Loop Capital lowered FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Friday, September 5th. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Cowen reissued a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $143.00.

Insider Transactions at FirstCash

In related news, CEO Rick L. Wessel sold 30,976 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $139.33, for a total value of $4,315,886.08. Following the completion of the sale, the chief executive officer directly owned 901,982 shares of the company's stock, valued at $125,673,152.06. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $146.40, for a total value of $366,000.00. Following the completion of the sale, the chief financial officer directly owned 41,734 shares of the company's stock, valued at approximately $6,109,857.60. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,500 shares of company stock valued at $15,493,610. 2.93% of the stock is currently owned by corporate insiders.

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.