Texas Permanent School Fund cut its position in FirstCash Inc (NYSE:FCFS) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,897 shares of the credit services provider’s stock after selling 2,941 shares during the quarter. Texas Permanent School Fund owned about 0.07% of FirstCash worth $2,151,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of FirstCash by 330.2% in the 4th quarter. Strs Ohio now owns 18,500 shares of the credit services provider’s stock worth $1,247,000 after purchasing an additional 14,200 shares in the last quarter. Profit Investment Management LLC raised its position in shares of FirstCash by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock worth $2,106,000 after acquiring an additional 2,011 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of FirstCash by 5.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock worth $1,370,000 after acquiring an additional 1,000 shares in the last quarter. Insight Capital Research & Management Inc. bought a new position in shares of FirstCash in the 3rd quarter worth approximately $913,000. Finally, California Public Employees Retirement System raised its position in shares of FirstCash by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after acquiring an additional 6,211 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.
A number of research analysts recently weighed in on the company. BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research raised FirstCash from a “sell” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, October 30th. ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wedbush set a $75.00 price objective on FirstCash and gave the company a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.83.
Shares of FirstCash Inc (NYSE:FCFS) traded down $0.45 on Wednesday, reaching $71.80. The company’s stock had a trading volume of 142,944 shares, compared to its average volume of 237,885. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. FirstCash Inc has a 1-year low of $42.70 and a 1-year high of $75.35. The stock has a market cap of $3,454.06, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.
FirstCash (NYSE:FCFS) last issued its earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.84 by $0.10. The business had revenue of $480.21 million for the quarter, compared to the consensus estimate of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. equities analysts expect that FirstCash Inc will post 3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $0.22 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is 26.58%.
In related news, CFO R Douglas Orr sold 5,000 shares of FirstCash stock in a transaction on Monday, February 5th. The stock was sold at an average price of $73.43, for a total transaction of $367,150.00. Following the transaction, the chief financial officer now directly owns 172,000 shares in the company, valued at $12,629,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Brent Stuart bought 1,080 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the transaction, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The disclosure for this purchase can be found here. Company insiders own 2.75% of the company’s stock.
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FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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