Oregon Public Employees Retirement Fund decreased its position in FirstCash Holdings, Inc (NASDAQ:FCFS – Get Rating) by 3.0% during the first quarter, HoldingsChannel reports. The firm owned 12,999 shares of the company’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FirstCash were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Earnest Partners LLC grew its holdings in shares of FirstCash by 0.7% in the 4th quarter. Earnest Partners LLC now owns 3,014,230 shares of the company’s stock worth $225,495,000 after purchasing an additional 19,629 shares during the last quarter. State Street Corp boosted its stake in shares of FirstCash by 3.0% in the 4th quarter. State Street Corp now owns 1,250,203 shares of the company’s stock valued at $93,528,000 after purchasing an additional 36,818 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FirstCash by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 707,923 shares of the company’s stock valued at $52,959,000 after purchasing an additional 15,347 shares during the last quarter. Yacktman Asset Management LP boosted its stake in shares of FirstCash by 2.0% in the 4th quarter. Yacktman Asset Management LP now owns 637,851 shares of the company’s stock valued at $47,718,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of FirstCash by 21.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 569,319 shares of the company’s stock valued at $42,591,000 after purchasing an additional 102,333 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. TheStreet upgraded shares of FirstCash from a “c+” rating to a “b-” rating in a research report on Tuesday, June 7th. Stephens dropped their target price on shares of FirstCash from $103.00 to $83.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.
Shares of NASDAQ FCFS opened at $66.75 on Thursday. The company has a current ratio of 2.68, a quick ratio of 2.04 and a debt-to-equity ratio of 0.71. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 23.84 and a beta of 0.72. FirstCash Holdings, Inc has a 12 month low of $58.30 and a 12 month high of $97.04. The stock has a 50-day moving average price of $70.81 and a two-hundred day moving average price of $71.35.
FirstCash (NASDAQ:FCFS – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.10 by $0.08. The firm had revenue of $659.84 million during the quarter, compared to the consensus estimate of $630.04 million. FirstCash had a return on equity of 11.92% and a net margin of 6.11%. The business’s quarterly revenue was up 61.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that FirstCash Holdings, Inc will post 5.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, May 13th. FirstCash’s dividend payout ratio (DPR) is currently 42.86%.
About FirstCash (Get Rating)
FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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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