Oregon Public Employees Retirement Fund Lowers Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Oregon Public Employees Retirement Fund lessened its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,786 shares of the company’s stock after selling 1,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FirstCash were worth $817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp raised its position in FirstCash by 21.2% during the fourth quarter. Truist Financial Corp now owns 6,746 shares of the company’s stock valued at $731,000 after purchasing an additional 1,182 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FirstCash by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 435,701 shares of the company’s stock worth $47,226,000 after buying an additional 1,240 shares in the last quarter. Principal Securities Inc. bought a new position in FirstCash during the fourth quarter valued at approximately $51,000. AGF Management Ltd. purchased a new position in shares of FirstCash during the fourth quarter worth approximately $2,769,000. Finally, Jump Financial LLC purchased a new position in shares of FirstCash during the fourth quarter worth approximately $716,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FCFS stock opened at $113.52 on Wednesday. The company has a market capitalization of $5.16 billion, a P/E ratio of 22.13 and a beta of 0.62. FirstCash Holdings, Inc. has a fifty-two week low of $88.79 and a fifty-two week high of $133.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. The stock has a 50 day moving average price of $112.63 and a two-hundred day moving average price of $116.14.

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

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. FirstCash’s dividend payout ratio (DPR) is presently 29.63%.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company’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 transaction of $214,360.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the transaction, the director now directly 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. Insiders have sold a total of 16,154 shares of company stock worth $1,912,562 in the last 90 days. Company insiders own 14.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.