Global Industrial (NYSE:GIC) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Global Industrial (NYSE:GIC) was downgraded by Wall Street Zen from “strong-buy” to “buy,” while Weiss Ratings slightly improved its view from “hold (c)” to “hold (c+).” Overall, MarketBeat shows a consensus rating of Hold.
• The stock was down 3.5% and opened at $29.17, trading below both its 50-day moving average ($32.19) and 200-day moving average ($30.87). The company has a market cap of about $1.12 billion.
• In its latest quarter, Global Industrial posted $0.39 EPS, missing estimates by $0.02, though revenue of $350.4 million beat expectations. Analysts still expect 1.89 EPS for the current fiscal year, while hedge funds remained active buyers of the stock.

Global Industrial (NYSE:GIC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Global Industrial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Global Industrial Stock Down 3.5%

Shares of NYSE GIC opened at $29.17 on Friday. The company's 50-day simple moving average is $32.19 and its 200-day simple moving average is $30.87. Global Industrial has a 52-week low of $25.61 and a 52-week high of $38.79. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.00 and a beta of 0.83.

Global Industrial (NYSE:GIC - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Global Industrial had a net margin of 5.33% and a return on equity of 23.69%. The company had revenue of $350.40 million during the quarter, compared to analyst estimates of $344.13 million. Equities research analysts anticipate that Global Industrial will post 1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Industrial

Several hedge funds and other institutional investors have recently modified their holdings of GIC. AQR Capital Management LLC lifted its stake in shares of Global Industrial by 37.4% in the first quarter. AQR Capital Management LLC now owns 61,993 shares of the company's stock worth $1,389,000 after buying an additional 16,880 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Global Industrial by 66.3% in the first quarter. Goldman Sachs Group Inc. now owns 143,162 shares of the company's stock worth $3,207,000 after buying an additional 57,056 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Global Industrial by 16.4% in the first quarter. Jane Street Group LLC now owns 17,806 shares of the company's stock worth $399,000 after buying an additional 2,512 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Global Industrial in the second quarter worth about $231,000. Finally, American Century Companies Inc. lifted its stake in shares of Global Industrial by 7.8% in the second quarter. American Century Companies Inc. now owns 38,952 shares of the company's stock worth $1,052,000 after buying an additional 2,804 shares in the last quarter. 31.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Global Industrial

Here are the key news stories impacting Global Industrial this week:

• Positive Sentiment: Global Industrial’s Q1 sales came in above estimates, suggesting demand held up better than expected despite a choppy operating backdrop. This helped offset some of the concern around earnings. Global Industrial’s NYSE: GIC Q1 CY2026 sales beat estimates
• Neutral Sentiment: The company’s Q1 earnings call highlighted growth but also pointed to cost risks, which leaves investors weighing solid top-line performance against margin pressure. Global Industrial Earnings Call Shows Growth Amid Cost Risks
• Neutral Sentiment: Sidoti trimmed several near-term earnings estimates for Global Industrial, but the changes were modest overall, with Q2, Q3, and Q4 forecasts all adjusted lower on concerns about upcoming profitability. Global Industrial analyst estimates
• Neutral Sentiment: Sidoti also lowered its FY2026 EPS estimate to $1.88 from $2.05, while still keeping the company near the $2.00 consensus, reinforcing a cautious but not deeply bearish outlook. Global Industrial analyst estimates
• Negative Sentiment: The stock’s recent decline appears tied to the earnings miss on EPS in the prior report and the market’s reaction to lower forward earnings expectations, which can weigh on valuation near term.

Global Industrial Company Profile

Global Industrial Company NYSE: GIC is a leading business-to-business distributor of industrial products and equipment. Headquartered in Port Washington, New York, the company provides a comprehensive range of products to support manufacturing, warehousing, and facility maintenance operations across North America. Through a digital-first platform, Global Industrial combines e-commerce, direct sales and catalog-based ordering channels to serve a diverse commercial customer base.

The company's product portfolio encompasses material handling solutions (including conveyors, pallet racks and hoists), storage and shelving systems, janitorial and sanitation supplies, packaging and shipping materials, and office furniture.

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