MSC Industrial Direct (MSM) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MSM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSM, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1 year target prices for MSC Industrial Direct's shares. Their MSM share price forecasts range from $84.00 to $105.00. On average, they anticipate the company's stock price to reach $94.67 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
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MSC Industrial Direct's stock was trading at $81.70 at the start of the year. Since then, MSM shares have increased by 13.1% and is now trading at $92.41.
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MSC Industrial Direct saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 926,100 shares, an increase of 44.0% from the March 31st total of 643,300 shares. Based on an average daily trading volume, of 364,100 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our MSM earnings forecast.

MSC Industrial Direct Co., Inc. (NYSE:MSM) announced its quarterly earnings results on Tuesday, April, 4th. The industrial products company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. The industrial products company earned $961.60 million during the quarter, compared to analysts' expectations of $934.76 million. MSC Industrial Direct had a trailing twelve-month return on equity of 26.66% and a net margin of 9.34%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share.

MSC Industrial Direct declared a quarterly dividend on Wednesday, March 22nd. Stockholders of record on Tuesday, April 11th will be paid a dividend of $0.79 per share on Tuesday, April 25th. This represents a $3.16 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, April 10th.
Read our dividend analysis for MSM.

ETFs with the largest weight of MSC Industrial Direct (NYSE:MSM) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Sound Equity Income ETF (SDEI), Invesco S&P MidCap Low Volatility ETF (XMLV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Invesco S&P MidCap Quality ETF (XMHQ), Akros Monthly Payout ETF (MPAY) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.42%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 50.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSM.

274 employees have rated MSC Industrial Direct Chief Executive Officer Erik Gershwind on Glassdoor.com. Erik Gershwind has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MSC Industrial Direct investors own include Pfizer (PFE), Exxon Mobil (XOM), AT&T (T), International Business Machines (IBM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Bristol-Myers Squibb (BMY), 3M (MMM) and Verizon Communications (VZ).

MSC Industrial Direct trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSM."

MSC Industrial Direct's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.37%), American Century Companies Inc. (5.23%), State Street Corp (2.45%), Epoch Investment Partners Inc. (2.30%), Charles Schwab Investment Management Inc. (1.76%) and Bank of New York Mellon Corp (1.59%). Insiders that own company stock include Charles Bonomo, Douglas E Jones, Douglas E Jones, Edward F Martin, Jr, Elizabeth Bledsoe, Erik Gershwind, Gregory Polli, Kari D Heerdt, Kimberly Shacklett, Louise K Goeser, Mitchell Jacobson, Philip Peller, Steve Armstrong and Steven N Baruch.
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Shares of MSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSM stock can currently be purchased for approximately $92.41.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $5.17 billion and generates $3.69 billion in revenue each year. The industrial products company earns $339.79 million in net income (profit) each year or $6.50 on an earnings per share basis.

The company employs 6,994 workers across the globe.

MSC Industrial Direct's mailing address is 75 MAXESS ROAD, MELVILLE NY, 11747. The official website for the company is www.mscdirect.com. The industrial products company can be reached via phone at (516) 812-2000, via email at cust_service@mscdirect.com, or via fax at 516-349-7096.