PCM (PCMI) Shares Down 9.3%

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PCM Inc (NASDAQ:PCMI) was down 9.3% on Monday . The stock traded as low as $32.00 and last traded at $33.55. Approximately 674,054 shares traded 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 analysts have issued reports on PCMI shares. ValuEngine lowered PCM from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. B. Riley reaffirmed a “buy” rating on shares of PCM in a research note on Tuesday, March 26th. Roth Capital raised their price objective on PCM from $24.20 to $29.60 and gave the stock a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Finally, TheStreet raised PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $30.20.

The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $366.40 million, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25.

PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $511.56 million. On average, equities analysts anticipate that PCM Inc will post 2.4 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tibra Equities Europe Ltd bought a new stake in PCM during the first quarter valued at $605,000. Geode Capital Management LLC boosted its stake in shares of PCM by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 81,213 shares of the specialty retailer’s stock valued at $1,429,000 after purchasing an additional 5,735 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of PCM during the 4th quarter valued at about $134,000. Macquarie Group Ltd. bought a new stake in shares of PCM during the 4th quarter valued at about $62,000. Finally, Globeflex Capital L P boosted its stake in shares of PCM by 19.6% during the 4th quarter. Globeflex Capital L P now owns 27,497 shares of the specialty retailer’s stock valued at $484,000 after purchasing an additional 4,497 shares in the last quarter. Hedge funds and other institutional investors own 56.28% of the company’s stock.

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PCM Company Profile (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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