FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,751 shares of the company’s stock after selling 466 shares during the period. Teacher Retirement System of Texas’ holdings in FirstCash were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. State Street Corp raised its position in FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after purchasing an additional 28,415 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in FirstCash by 28.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock valued at $58,076,000 after purchasing an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of FirstCash by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock valued at $53,866,000 after buying an additional 21,685 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FirstCash by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock valued at $40,164,000 after buying an additional 30,948 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of FirstCash by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 302,856 shares of the company’s stock worth $34,772,000 after buying an additional 1,138 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th.

FirstCash Stock Performance

NASDAQ:FCFS opened at $119.36 on Friday. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 20.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The firm’s fifty day moving average price is $114.58 and its 200 day moving average price is $110.92.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is 26.53%.

Insider Activity

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

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.