MSC Industrial Direct Co. Inc. (MSM) Stock Could Soon Reward Patient Investors

MSC Industrial Direct Co. Inc. (NYSE: MSM) is -2.53% lower on its value in year-to-date trading and has touched a low of $44.93 and a high of $74.68 in the current 52-week trading range. The MSM stock was last observed hovering at around $69.00 in the last trading session, with the day’s gains setting it 2.51% off its average median price target of $63.50 for the next 12 months. It is also 4.65% off the consensus price target high of $75.00 offered by 12 analysts, but current levels are -43.02% lower than the price target low of $50.00 for the same period.

Currently trading at $71.51, the stock is 12.74% and 20.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.56 million and changing 3.64% at the moment leaves the stock 9.42% off its SMA200. MSM registered 6.82% gain for a year compared to 6-month loss of 4.19%. The firm has a 50-day simple moving average (SMA 50) of $61.43 and a 200-day simple moving average (SMA200) of $66.34.

The stock witnessed a 21.31% gain in the last 1 month and extending the period to 3 months gives it a 12.19%, and is 3.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.48% over the week and 3.34% over the month.

MSC Industrial Direct Co. Inc. (MSM) has around 6700 employees, a market worth around $4.05B and $3.32B in sales. Current P/E ratio is 14.85 and Fwd P/E is 17.06. Profit margin for the company is 8.00%. Distance from 52-week low is 59.16% and -4.24% from its 52-week high. The company has generated returns on investments over the last 12 months (15.90%).

MSC Industrial Direct Co. Inc. (MSM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MSC Industrial Direct Co. Inc. (MSM) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.90, where 7 rate it as a Hold and 2 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

MSC Industrial Direct Co. Inc. is expected to release its quarterly report on 07/08/2020 and quarterly earnings per share for the current quarter are estimated at $0.97 with sales reaching $772.63M over the same period.The EPS is expected to grow by 2.30% this year, but quarterly earnings will post -6.10% year-over-year.

MSC Industrial Direct Co. Inc. (MSM) Top Institutional Holders

470 institutions hold shares in MSC Industrial Direct Co. Inc. (MSM), with 1.16M shares held by insiders accounting for 2.09% while institutional investors hold 102.53% of the company’s shares. The shares outstanding are 55.47M, and float is at 44.48M with Short Float at 3.97%. Institutions hold 100.38% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.13 million shares valued at $281.91 million. The investor’s holdings represent 11.29% of the MSM Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 4.81 million shares valued at $264.53 million to account for 10.59% of the shares outstanding. The other top investors are American Century Companies, Inc. which holds 2.65 million shares representing 5.82% and valued at over $145.45 million, while Yacktman Asset Management Lp holds 3.37% of the shares totaling 1.53 million with a market value of $84.15 million.

MSC Industrial Direct Co. Inc. (MSM) Insider Activity

A total of 45 insider transactions have happened at MSC Industrial Direct Co. Inc. (MSM) in the last six months, with sales accounting for 9 and purchases happening 36 times. The most recent transaction is an insider sale by Jones Douglas E, the company’s EVP, Chief Supply Chain. SEC filings show that Jones Douglas E sold 3,697 shares of the company’s common stock on May 15 at a price of $60.00 per share for a total of $0.22 million. Following the sale, the insider now owns 0.01 million shares.

MSC Industrial Direct Co. Inc. disclosed in a document filed with the SEC on Feb 03 that KELLY DENIS F (Director) sold a total of 1,352 shares of the company’s common stock. The trade occurred on Feb 03 and was made at $68.86 per share for $0.09 million. Following the transaction, the insider now directly holds 0.01 million shares of the MSM stock.

Still, SEC filings show that on Jan 17, Jones Douglas E (EVP, Chief Supply Chain) disposed off 1,372 shares at an average price of $79.00 for $0.11 million. The insider now directly holds 10,106 shares of MSC Industrial Direct Co. Inc. (MSM).

MSC Industrial Direct Co. Inc. (MSM): Who are the competitors?

The company’s main competitors (and peers) include W.W. Grainger Inc. (GWW) that is trading 19.83% up over the past 12 months. Anixter International Inc. (AXE) is 79.46% up on the 1-year trading charts. Short interest in the company’s stock has risen 14.77% from the last report on Apr 14, 2020 to stand at a total of 1.5 million short shares sold with a short interest ratio of 3.3.