Nuveen Asset Management LLC Trims Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Nuveen Asset Management LLC lowered its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 603,981 shares of the company's stock after selling 38,581 shares during the quarter. Nuveen Asset Management LLC owned 1.35% of FirstCash worth $62,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after purchasing an additional 108,353 shares during the last quarter. Principal Financial Group Inc. lifted its position in FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company's stock valued at $13,531,000 after purchasing an additional 4,483 shares during the last quarter. Vanguard Group Inc. lifted its position in FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after purchasing an additional 22,009 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of FirstCash in the fourth quarter worth about $18,169,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of FirstCash in the fourth quarter worth about $343,000. Institutional investors own 80.30% of the company's stock.

FirstCash Trading Up 0.4%

Shares of FCFS traded up $0.50 during mid-day trading on Friday, hitting $127.50. 258,120 shares of the company's stock traded hands, compared to its average volume of 278,936. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The firm has a market capitalization of $5.66 billion, a P/E ratio of 22.25 and a beta of 0.63. The business's 50-day moving average price is $124.96 and its 200-day moving average price is $114.95.

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

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stephens reissued an "overweight" rating and set a $137.00 target price on shares of FirstCash in a research note on Wednesday, February 19th.

FirstCash Company 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.