Public Employees Retirement System of Ohio Acquires New Holdings in FirstCash Holdings, Inc. $FCFS

Public Employees Retirement System of Ohio bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,272 shares of the company’s stock, valued at approximately $8,063,000.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of FirstCash in the second quarter valued at approximately $1,088,429,000. Price T Rowe Associates Inc. MD raised its holdings in shares of FirstCash by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after acquiring an additional 312,132 shares during the period. Bank of America Corp DE acquired a new stake in shares of FirstCash during the second quarter worth $248,059,000. Geode Capital Management LLC lifted its position in FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in FirstCash by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after acquiring an additional 5,626 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, SVP Raul Ramos sold 6,835 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the transaction, the senior vice president owned 20,400 shares of the company’s stock, valued at $4,594,692. The trade was a 25.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Howard F. Hambleton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the sale, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This represents a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 17,183 shares of company stock worth $3,761,228. Insiders own 2.86% of the company’s stock.

FirstCash Stock Down 2.2%

FirstCash stock opened at $214.47 on Tuesday. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. FirstCash Holdings, Inc. has a 1-year low of $144.56 and a 1-year high of $238.93. The company has a fifty day simple moving average of $213.93 and a 200 day simple moving average of $209.10. The company has a market cap of $9.30 billion, a P/E ratio of 24.48 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results 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 analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. Research analysts anticipate that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash’s dividend payout ratio is presently 19.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. TD Cowen lifted their target price on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.