California State Teachers Retirement System Has $9.97 Million Stock Position in FirstCash Holdings, Inc. $FCFS

California State Teachers Retirement System grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,092 shares of the company's stock after purchasing an additional 944 shares during the period. California State Teachers Retirement System owned about 0.11% of FirstCash worth $9,970,621 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaGrep UK Ltd bought a new stake in FirstCash in the 2nd quarter worth about $241,000. Raiffeisen Bank International AG purchased a new stake in FirstCash in the 2nd quarter worth $108,000. Concurrent Investment Advisors LLC grew its position in FirstCash by 22.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,680 shares of the company's stock valued at $580,000 after acquiring an additional 483 shares during the last quarter. Nykredit A S purchased a new position in shares of FirstCash in the 2nd quarter worth approximately $397,000. Finally, Aubrey Capital Management Ltd boosted its holdings in FirstCash by 12.5% in the second quarter. Aubrey Capital Management Ltd now owns 14,400 shares of the company's stock valued at $3,115,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Loop Capital upgraded FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price for the company in a research note on Monday, August 10th. Weiss Ratings lowered shares of FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Zacks Research downgraded shares of FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of FirstCash from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Finally, TD Cowen increased their target price on FirstCash from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $249.00.

FirstCash Stock Down 3.8%

NASDAQ FCFS traded down $8.52 during trading on Tuesday, reaching $213.27. 225,455 shares of the company's stock traded hands, compared to its average volume of 380,999. FirstCash Holdings, Inc. has a 12-month low of $145.42 and a 12-month high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 24.36 and a beta of 0.53. The company's 50 day simple moving average is $214.94 and its two-hundred day simple moving average is $212.00.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.34 EPS. The business's revenue for the quarter was up 29.4% compared to the same quarter last year. As a group, sell-side analysts forecast that FirstCash Holdings, Inc. will post 11.85 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.42 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash's payout ratio is 19.18%.

Insider Buying and Selling

In other news, CFO R. Orr sold 2,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer owned 34,734 shares of the company's stock, valued at approximately $7,502,544. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 2,000 shares of FirstCash stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the sale, the insider directly owned 30,406 shares of the company's stock, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,098 shares of company stock valued at $3,051,281 over the last ninety days. Company insiders own 2.86% of the company's stock.

About FirstCash

FirstCash, Inc NASDAQ: FCFS is a specialty consumer-finance and retail company focused primarily on pawn-based lending. Through its pawn stores, the company provides short-term, non-recourse loans secured by personal property, allowing customers to obtain cash without traditional credit underwriting. Customers may repay the loan and reclaim the pledged item or forfeit the collateral under applicable regulations.

FirstCash also generates revenue by selling merchandise obtained through forfeited pawn loans and by purchasing used goods directly from consumers.

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