3,300 Shares in FirstCash Holdings, Inc. $FCFS Bought by Strs Ohio

Key Points

• Strs Ohio acquired 3,300 shares of FirstCash Holdings, Inc. in the first quarter, amounting to approximately $397,000, highlighting institutional interest in the company.
• FirstCash recently increased its quarterly dividend to $0.42, reflecting a positive change from the previous $0.38, resulting in an annualized dividend yield of 1.1%.
• Several analysts have issued ratings on FirstCash, with a consensus rating of Buy and an average price target of $143.00, demonstrating confidence in the company's performance.

Strs Ohio bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,300 shares of the company's stock, valued at approximately $397,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company's stock worth $7,467,000 after acquiring an additional 43,653 shares during the last quarter. United Services Automobile Association bought a new position in shares of FirstCash during the first quarter worth about $294,000. Goldman Sachs Group Inc. grew its position in shares of FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock worth $46,866,000 after acquiring an additional 34,364 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in FirstCash in the first quarter worth about $334,000. Finally, Millennium Management LLC lifted its holdings in FirstCash by 51.1% in the first quarter. Millennium Management LLC now owns 293,750 shares of the company's stock worth $35,344,000 after purchasing an additional 99,361 shares during the period. Institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

FCFS has been the subject of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Jefferies Financial Group raised shares of FirstCash to a "strong-buy" rating in a report on Monday, August 18th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a report on Tuesday, August 5th. Loop Capital downgraded shares of FirstCash from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Finally, Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $143.00.

Insider Transactions at FirstCash

In other news, Director James H. Graves sold 6,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the sale, the director owned 15,846 shares in the company, valued at approximately $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rick L. Wessel sold 30,976 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the completion of the sale, the chief executive officer owned 901,982 shares in the company, valued at approximately $125,673,152.06. The trade was a 3.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,500 shares of company stock worth $15,493,610. Insiders own 14.77% of the company's stock.

FirstCash Price Performance

NASDAQ FCFS opened at $147.39 on Tuesday. The company has a 50 day simple moving average of $139.36 and a 200-day simple moving average of $131.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 22.64 and a beta of 0.70. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $150.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) 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 analyst estimates of $820.42 million. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. Equities research analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

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

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.

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