PCM (PCMI) Given New $27.00 Price Target at B. Riley

PCM (NASDAQ:PCMI) had its price target boosted by investment analysts at B. Riley from $25.00 to $27.00 in a research report issued on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the specialty retailer’s stock. B. Riley’s price objective would indicate a potential upside of 52.71% from the company’s current price.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of PCM from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. TheStreet raised shares of PCM from a “d+” rating to a “c” rating in a research note on Thursday, July 26th. Finally, ValuEngine raised shares of PCM from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $20.33.

PCMI stock opened at $17.68 on Thursday. PCM has a 12 month low of $6.90 and a 12 month high of $25.23. The company has a market cap of $206.52 million, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.87. The company has a quick ratio of 0.89, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.



PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, October 24th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. PCM had a net margin of 0.33% and a return on equity of 13.96%. The business had revenue of $510.58 million during the quarter, compared to analyst estimates of $555.46 million. Equities analysts predict that PCM will post 2.02 earnings per share for the current fiscal year.

In related news, Director Thomas A. Maloof sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the sale, the director now owns 70,500 shares in the company, valued at approximately $1,663,095. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Simon M. Abuyounes sold 42,869 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $23.45, for a total transaction of $1,005,278.05. Following the completion of the sale, the insider now owns 58,046 shares of the company’s stock, valued at approximately $1,361,178.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,860 shares of company stock valued at $3,499,092. 26.80% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Weber Alan W lifted its position in shares of PCM by 5.6% in the 2nd quarter. Weber Alan W now owns 1,239,619 shares of the specialty retailer’s stock valued at $18,780,000 after acquiring an additional 65,500 shares in the last quarter. Royce & Associates LP lifted its position in shares of PCM by 20.7% in the 2nd quarter. Royce & Associates LP now owns 479,527 shares of the specialty retailer’s stock valued at $7,265,000 after acquiring an additional 82,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of PCM by 9.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,681 shares of the specialty retailer’s stock valued at $2,237,000 after acquiring an additional 13,000 shares in the last quarter. Millennium Management LLC lifted its position in shares of PCM by 322.5% in the 2nd quarter. Millennium Management LLC now owns 87,190 shares of the specialty retailer’s stock valued at $1,321,000 after acquiring an additional 66,553 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of PCM in the 2nd quarter valued at approximately $695,000. Institutional investors and hedge funds own 50.30% of the company’s stock.

PCM Company Profile

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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