AQR Capital Management LLC Acquires 39,270 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

AQR Capital Management LLC increased its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 54.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 111,007 shares of the company’s stock after buying an additional 39,270 shares during the quarter. AQR Capital Management LLC owned about 0.24% of FirstCash worth $11,642,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FCFS. TFO Wealth Partners LLC grew its stake in shares of FirstCash by 56,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,698 shares of the company’s stock worth $184,000 after acquiring an additional 1,695 shares during the period. Bank of Nova Scotia bought a new stake in FirstCash in the 4th quarter worth approximately $207,000. Campbell & CO Investment Adviser LLC purchased a new stake in FirstCash during the 4th quarter valued at $430,000. Annex Advisory Services LLC lifted its holdings in shares of FirstCash by 17.5% during the 4th quarter. Annex Advisory Services LLC now owns 65,001 shares of the company’s stock valued at $7,045,000 after buying an additional 9,697 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of FirstCash by 23.6% in the 4th quarter. Stephens Inc. AR now owns 28,143 shares of the company’s stock worth $3,050,000 after buying an additional 5,377 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.00.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,154 shares of company stock worth $1,912,562. Company insiders own 14.77% of the company’s stock.

FirstCash Stock Down 0.5 %

FCFS opened at $114.19 on Wednesday. The firm’s 50 day simple moving average is $115.72 and its two-hundred day simple moving average is $116.12. The company has a market capitalization of $5.19 billion, a PE ratio of 22.26 and a beta of 0.62. FirstCash Holdings, Inc. has a 1-year low of $97.81 and a 1-year high of $133.64. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $824.87 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. FirstCash’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 6.56 EPS for the current year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.33%. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio is currently 29.63%.

FirstCash 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.