FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,813 shares of the company's stock after purchasing an additional 11,738 shares during the quarter. Royal Bank of Canada owned 0.52% of FirstCash worth $23,912,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in FirstCash in the fourth quarter worth $31,000. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares during the last quarter. Quarry LP lifted its holdings in shares of FirstCash by 986.5% in 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 acquired a new position in FirstCash during the 4th quarter valued at approximately $74,000. Finally, R Squared Ltd acquired a new position in FirstCash during the 4th quarter valued at approximately $92,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FCFS. Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Stephens reaffirmed an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

FirstCash Price Performance

FCFS traded up $0.63 during trading on Friday, reaching $127.87. The stock had a trading volume of 27,389 shares, compared to its average volume of 277,885. The stock has a 50 day moving average of $125.74 and a two-hundred day moving average of $115.43. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.32 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.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share 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 business had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. During the same quarter last year, the business posted $1.55 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.19%. FirstCash's dividend payout ratio is currently 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.