PCM (PCMI) Stock Price Down 9.3%

PCM Inc (NASDAQ:PCMI)’s share price was down 9.3% on Monday . The company traded as low as $32.00 and last traded at $33.55. Approximately 674,054 shares changed hands during mid-day trading, an increase of 249% from the average daily volume of 193,090 shares. The stock had previously closed at $36.97.

A number of equities research analysts recently issued reports on PCMI shares. ValuEngine downgraded shares of PCM from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Zacks Investment Research downgraded shares of PCM from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. BidaskClub upgraded shares of PCM from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Roth Capital boosted their target price on shares of PCM from $24.20 to $29.60 and gave the company a “buy” rating in a report on Thursday, February 7th. Finally, TheStreet upgraded shares of PCM from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.20.

The firm has a market cap of $452.88 million, a PE ratio of 15.39, a P/E/G ratio of 0.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.04.

PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, February 6th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. PCM had a net margin of 1.05% and a return on equity of 18.78%. The firm had revenue of $564.12 million during the quarter, compared to the consensus estimate of $511.56 million. As a group, analysts forecast that PCM Inc will post 2.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in PCM by 16.1% during the fourth 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 during the period. Vanguard Group Inc grew its stake in PCM by 2.1% during the third quarter. Vanguard Group Inc now owns 417,338 shares of the specialty retailer’s stock worth $8,159,000 after buying an additional 8,590 shares during the period. Vanguard Group Inc. grew its stake in PCM by 2.1% during the third quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock worth $8,159,000 after buying an additional 8,590 shares during the period. BlackRock Inc. grew its stake in PCM by 69.3% during the third quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock worth $5,318,000 after buying an additional 111,375 shares during the period. Finally, Morgan Stanley grew its stake in PCM by 216.6% during the third quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock worth $4,444,000 after buying an additional 155,518 shares during the period. Institutional investors own 56.15% of the company’s stock.

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About PCM (NASDAQ:PCMI)

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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