Teacher Retirement System of Texas Buys 1,771 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Teacher Retirement System of Texas grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,522 shares of the company’s stock after buying an additional 1,771 shares during the period. Teacher Retirement System of Texas’ holdings in FirstCash were worth $1,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCFS. Farther Finance Advisors LLC increased its position in shares of FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. CX Institutional bought a new position in shares of FirstCash in the first quarter worth approximately $42,000. UMB Bank n.a. grew its holdings in shares of FirstCash by 167.5% in the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after purchasing an additional 283 shares during the last quarter. Quarry LP grew its holdings in shares of FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in shares of FirstCash in the fourth quarter worth approximately $74,000. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Performance

Shares of FCFS stock opened at $132.17 on Friday. The stock has a fifty day moving average of $130.72 and a 200 day moving average of $120.98. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $138.42. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 21.15 and a beta of 0.62. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, May 15th. FirstCash’s dividend payout ratio is currently 24.32%.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the sale, the insider directly owned 32,481 shares of the company’s stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.93% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.