MSC Industrial Direct Co., Inc. (NYSE:MSM - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $72.73 and last traded at $75.59, with a volume of 559843 shares. The stock had previously closed at $79.28.
Analysts Set New Price Targets
MSM has been the topic of several recent research reports. Wolfe Research began coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price target on the stock. Robert W. Baird dropped their target price on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Loop Capital reduced their price target on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a research report on Friday. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, MSC Industrial Direct has a consensus rating of "Hold" and a consensus price target of $82.20.
Get Our Latest Analysis on MSC Industrial Direct
MSC Industrial Direct Stock Performance
The stock has a market capitalization of $3.92 billion, a P/E ratio of 16.73 and a beta of 0.89. The stock has a 50 day simple moving average of $78.77 and a two-hundred day simple moving average of $81.06. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21.
MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $891.70 million during the quarter, compared to analysts' expectations of $908.30 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share. On average, equities analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.
MSC Industrial Direct Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct's payout ratio is currently 89.71%.
Institutional Trading of MSC Industrial Direct
Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in MSC Industrial Direct by 1.7% in the 1st quarter. Rhumbline Advisers now owns 158,265 shares of the industrial products company's stock valued at $12,292,000 after acquiring an additional 2,664 shares during the period. Red Spruce Capital LLC raised its position in shares of MSC Industrial Direct by 3.3% in the first quarter. Red Spruce Capital LLC now owns 22,399 shares of the industrial products company's stock valued at $1,740,000 after purchasing an additional 722 shares during the period. Parallel Advisors LLC lifted its stake in shares of MSC Industrial Direct by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 3,792 shares of the industrial products company's stock worth $295,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of MSC Industrial Direct by 11,324.0% during the 1st quarter. GAMMA Investing LLC now owns 52,893 shares of the industrial products company's stock worth $4,108,000 after buying an additional 52,430 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in MSC Industrial Direct in the 4th quarter valued at about $609,000. Institutional investors own 79.26% of the company's stock.
About MSC Industrial Direct
(
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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, the United Kingdom, and internationally. The company's 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.
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