Royal Bank of Canada Has $39.89 Million Stock Holdings in FirstCash Holdings, Inc. $FCFS

Royal Bank of Canada decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,164 shares of the company’s stock after selling 28,971 shares during the quarter. Royal Bank of Canada’s holdings in FirstCash were worth $39,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCFS. Villanova Investment Management Co LLC lifted its holdings in shares of FirstCash by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after buying an additional 54 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of FirstCash by 29.6% in the first quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after acquiring an additional 56 shares during the last quarter. Ascent Group LLC increased its position in FirstCash by 6.0% during the fourth quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock worth $227,000 after acquiring an additional 81 shares during the period. Pullen Investment Management LLC raised its stake in FirstCash by 0.4% during the 4th quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock valued at $3,230,000 after purchasing an additional 87 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in FirstCash by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock valued at $1,393,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ FCFS opened at $204.01 on Monday. The stock has a market cap of $8.85 billion, a P/E ratio of 23.29 and a beta of 0.53. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. FirstCash Holdings, Inc. has a twelve month low of $128.90 and a twelve month high of $235.97. The company’s 50-day simple moving average is $217.36 and its 200 day simple moving average is $202.74.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.FirstCash’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. As a group, research analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 19.18%.

Analysts Set New Price Targets

FCFS has been the topic of several research analyst reports. TD Cowen raised their price target on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Canaccord Genuity Group lifted their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, FirstCash presently has an average rating of “Moderate Buy” and an average price target of $199.25.

Insider Activity

In other news, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $225.23, for a total value of $1,539,447.05. Following the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at approximately $4,594,692. This represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This represents a 5.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,000 shares of company stock worth $5,917,004 over the last 90 days. 2.86% of the stock is currently owned by company insiders.

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.