3,335 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Purchased by Focus Partners Wealth

Focus Partners Wealth purchased a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,335 shares of the company’s stock, valued at approximately $346,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in FirstCash during the 4th quarter worth about $31,000. J.Safra Asset Management Corp raised its holdings in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Quarry LP raised its holdings in FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the last quarter. Hurley Capital LLC bought a new stake in FirstCash during the 4th quarter worth about $74,000. Finally, R Squared Ltd bought a new stake in FirstCash during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of NASDAQ:FCFS opened at $125.73 on Thursday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 21.94 and a beta of 0.63. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $135.57. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $124.55 and a two-hundred day moving average price of $114.63.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $836.42 million during the quarter, compared to analysts’ expectations of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. FirstCash’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 EPS. Equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.21%. FirstCash’s dividend payout ratio (DPR) is presently 24.32%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FCFS. Stephens reissued an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com raised FirstCash from a “buy” rating to a “strong-buy” rating in a report on Friday, May 2nd.

FirstCash 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.