Teacher Retirement System of Texas Has $1.39 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Teacher Retirement System of Texas lifted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 18.2% in 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 as of its most recent SEC filing.

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

FirstCash Trading Down 0.4%

Shares of NASDAQ:FCFS opened at $132.17 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of 21.15 and a beta of 0.62. The stock’s 50-day moving average is $130.72 and its 200-day moving average is $120.98. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $138.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39.

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

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash’s dividend payout ratio (DPR) is currently 24.32%.

Insider Activity

In other news, insider Howard F. Hambleton sold 3,900 shares of FirstCash stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the transaction, the insider owned 32,481 shares in the company, valued at approximately $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.93% of the company’s stock.

Analysts Set New Price Targets

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

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.