Focus Partners Wealth Makes New $346,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Focus Partners Wealth bought a new stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,335 shares of the company's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its stake in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after acquiring an additional 94 shares during the period. Bank of Nova Scotia lifted its stake in FirstCash by 3.6% during the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock valued at $353,000 after acquiring an additional 117 shares during the period. Sanctuary Advisors LLC lifted its stake in FirstCash by 1.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock valued at $826,000 after acquiring an additional 127 shares during the period. J.Safra Asset Management Corp lifted its stake in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after acquiring an additional 127 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake in FirstCash by 1.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,960 shares of the company's stock valued at $1,239,000 after acquiring an additional 127 shares during the period. Institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th. Wall Street Zen lowered shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded up $0.42 during midday trading on Tuesday, hitting $127.92. 209,376 shares of the company's stock traded hands, compared to its average volume of 278,671. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 22.32 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The firm has a fifty day moving average of $125.35 and a 200 day moving average of $115.22.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.75 by $0.32. The firm had revenue of $836.42 million during the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, May 15th. FirstCash's dividend payout ratio is 24.32%.

About FirstCash

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.