The stock of MSC Industrial Direct Co. Inc. (NYSE:MSM) last traded at $81.08, down -1.41% from the previous session.
Data from the available sources indicates that MSC Industrial Direct Co. Inc. (NYSE:MSM) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $80.00, we find $88.50. Given the previous closing price of $82.24, this indicates a potential upside of 7.61 percent. MSM stock price is now -2.63% away from the 50-day moving average and 0.24% away from the 200-day moving average. The market capitalization of the company currently stands at $4.63B.
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In total, 5 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $89.00 as their price target over the next twelve months.
On June 30, 2022, William Blair Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $67, while ‘Loop Capital’ rates the stock as ‘Hold’.
In other news, Jones Douglas E, EVP, Chief Supply Chain sold 885 shares of the company’s stock on Feb 07. The stock was sold for $77,880 at an average price of $88.00. Upon completion of the transaction, the EVP, Chief Supply Chain now directly owns 4,938 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, EVP, Chief Supply Chain Jones Douglas E sold 23,918 shares of the business’s stock. A total of $2,150,605 was realized by selling the stock at an average price of $89.92. This leaves the insider owning 5,823 shares of the company worth $0.47 million. Insiders disposed of 318,671 shares of company stock worth roughly $25.84 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MSM stock. A new stake in MSC Industrial Direct Co. Inc. shares was purchased by AUTO-OWNERS INSURANCE CO during the first quarter worth $28,054,000. NEWSQUARE CAPITAL LLC invested $5,596,000 in shares of MSM during the first quarter. In the first quarter, PUBLIC SECTOR PENSION INVESTMENT BOARD acquired a new stake in MSC Industrial Direct Co. Inc. valued at approximately $3,973,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in MSM for approximately $2,611,000. LEGATO CAPITAL MANAGEMENT LLC purchased a new stake in MSM valued at around $1,838,000 in the second quarter. In total, there are 502 active investors with 91.60% ownership of the company’s stock.
With an opening price of $81.49 on Monday morning, MSC Industrial Direct Co. Inc. (NYSE: MSM) set off the trading day. During the past 12 months, MSC Industrial Direct Co. Inc. has had a low of $71.32 and a high of $90.04. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 2.10, and a quick ratio of 1.10. The fifty day moving average price for MSM is $83.27 and a two-hundred day moving average price translates $80.88 for the stock.
The latest earnings results from MSC Industrial Direct Co. Inc. (NYSE: MSM) was released for Dec, 2022. According to the Industrial Distribution Company, earnings per share came in at $1.48, beating analysts’ expectations of $1.46 by 0.02. This compares to $1.19 EPS in the same period last year. The net profit margin was 9.30% and return on equity was 27.00% for MSM. The company reported revenue of $957.75 million for the quarter, compared to $848.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.87 percent. For the current quarter, analysts expect MSM to generate $934.07M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/24/2023. Investors who held shares on 01/10/2023 were paid a $0.79 dividend. On an annualized basis, this represents a $3.16 dividend and a 3.90% percent yield. There was an ex-dividend date of 01/09/2023 for this dividend. In terms of dividend payout ratio, MSM is presently at 47.80%.
MSC Industrial Direct Co. Inc.(MSM) Company Profile
MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company offers approximately 2.1 million stock-keeping units through its catalogs and brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and customer care centers, customer fulfillment centers, regional inventory centers, and warehouses. It operates through a distribution network of 6 customer fulfilment centers, 10 regional inventory centers, and 38 warehouses. The company serves individual machine shops, Fortune 1000 manufacturing companies, and government agencies, as well as manufacturers of various sizes. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.
