PCM (NASDAQ:PCMI) Rating Lowered to Neutral at Roth Capital

Roth Capital downgraded shares of PCM (NASDAQ:PCMI) from a buy rating to a neutral rating in a report issued on Tuesday, June 25th. The firm currently has $35.00 target price on the specialty retailer’s stock, down from their prior target price of $36.00.

Several other equities research analysts have also recently weighed in on PCMI. ValuEngine upgraded shares of YPF from a sell rating to a hold rating in a research report on Monday, June 24th. BidaskClub upgraded shares of Zynga from a hold rating to a buy rating in a research report on Thursday, April 25th. B. Riley reissued a buy rating on shares of PCM in a research note on Tuesday, March 26th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a sell rating to a hold rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $30.67.

NASDAQ PCMI remained flat at $$34.75 on Tuesday. 115,167 shares of the company’s stock traded hands, compared to its average volume of 220,071. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. PCM has a 1 year low of $14.80 and a 1 year high of $39.69. The firm’s fifty day moving average is $29.91. The company has a market cap of $425.93 million, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37.

PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $533.20 million. On average, equities research analysts expect that PCM will post 2.44 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in PCM by 216.6% during the 3rd quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock valued at $4,444,000 after buying an additional 155,518 shares in the last quarter. Vanguard Group Inc. grew its holdings in PCM by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after buying an additional 8,590 shares in the last quarter. First Trust Advisors LP grew its holdings in PCM by 20.7% during the 4th quarter. First Trust Advisors LP now owns 15,549 shares of the specialty retailer’s stock valued at $274,000 after buying an additional 2,667 shares in the last quarter. Acadian Asset Management LLC grew its holdings in PCM by 30.9% during the 4th quarter. Acadian Asset Management LLC now owns 155,737 shares of the specialty retailer’s stock valued at $2,743,000 after buying an additional 36,805 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in PCM by 25.0% during the 4th quarter. California Public Employees Retirement System now owns 28,314 shares of the specialty retailer’s stock valued at $499,000 after buying an additional 5,665 shares in the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

About PCM

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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