Richard T. Hume Sells 3,100 Shares of Tech Data Corporation (TECD) Stock
Tech Data Corporation (NASDAQ:TECD) COO Richard T. Hume sold 3,100 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Tech Data Corporation (NASDAQ TECD) opened at $97.58 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.94. The company has a market cap of $3,722.97, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.49 and a beta of 0.78. Tech Data Corporation has a one year low of $81.42 and a one year high of $111.10.
Tech Data (NASDAQ:TECD) last issued its earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.10 billion. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company’s revenue for the quarter was up 40.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. sell-side analysts anticipate that Tech Data Corporation will post 9.14 earnings per share for the current fiscal year.
Several brokerages recently commented on TECD. ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James Financial reiterated a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Pivotal Research set a $114.00 price target on shares of Tech Data and gave the company a “buy” rating in a report on Tuesday, November 28th. Needham & Company LLC upped their price target on shares of Tech Data from $102.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, Citigroup reiterated a “hold” rating and set a $110.00 price target on shares of Tech Data in a report on Tuesday, November 28th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $112.33.
Tech Data Company Profile
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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