Insider Selling: MSC Industrial Direct Co Director Sells 21,313 Shares of Stock (MSM)
MSC Industrial Direct Co (NYSE:MSM) Director Mitchell Jacobson unloaded 21,313 shares of MSC Industrial Direct Co stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $89.63, for a total value of $1,910,284.19. Following the sale, the director now directly owns 117,667 shares of the company’s stock, valued at approximately $10,546,493. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MSM shares. Analysts at Raymond James reiterated an “outperform” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $95.00 price target on the stock, down previously from $100.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $89.00 price target on the stock, down previously from $90.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $96.00 price target on the stock, down previously from $98.00. Four analysts have 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 price target of $95.38.
MSC Industrial Direct Co (NYSE:MSM) traded up 0.58% during mid-day trading on Wednesday, hitting $90.02. The stock had a trading volume of 240,257 shares. MSC Industrial Direct Co has a 52-week low of $74.87 and a 52-week high of $96.62. The stock’s 50-day moving average is $88.66 and its 200-day moving average is $88.7. The company has a market cap of $5.619 billion and a P/E ratio of 24.59.
MSC Industrial Direct Co (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $727.35 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that MSC Industrial Direct Co will post $3.95 EPS for the current fiscal year.
MSC Industrial Direct Co, Inc (NYSE:MSM) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.
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