Shares of PCM Inc (NASDAQ:PCMI) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.00.
PCMI has been the subject of a number of recent analyst reports. B. Riley restated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. ValuEngine upgraded shares of PCM from a “hold” rating to a “buy” rating in a report on Monday, June 24th. Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, May 1st. Finally, BidaskClub downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in PCM by 20.7% in the 4th quarter. First Trust Advisors LP now owns 15,549 shares of the specialty retailer’s stock worth $274,000 after buying an additional 2,667 shares in the last quarter. California Public Employees Retirement System increased its stake in PCM by 25.0% in the 4th quarter. California Public Employees Retirement System now owns 28,314 shares of the specialty retailer’s stock worth $499,000 after buying an additional 5,665 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in PCM in the 4th quarter worth $112,000. Royce & Associates LP increased its stake in PCM by 16.1% in the 4th quarter. Royce & Associates LP now owns 547,908 shares of the specialty retailer’s stock worth $9,649,000 after buying an additional 76,155 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in PCM by 5.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,906 shares of the specialty retailer’s stock worth $3,538,000 after buying an additional 11,200 shares in the last quarter. Institutional investors own 61.39% of the company’s stock.
PCM stock opened at $34.82 on Thursday. PCM has a 1 year low of $14.80 and a 1 year high of $39.69. The firm has a 50 day moving average of $28.13. The stock has a market capitalization of $426.79 million, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.
PCM (NASDAQ:PCMI) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. PCM had a net margin of 1.14% and a return on equity of 19.06%. The firm had revenue of $533.99 million during the quarter, compared to the consensus estimate of $533.20 million. As a group, analysts anticipate that PCM will post 2.44 EPS for the current fiscal year.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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