Barclays PLC Reduces Holdings in Monro, Inc. (NASDAQ:MNRO)

Barclays PLC lessened its holdings in Monro, Inc. (NASDAQ:MNRO) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,610 shares of the auto parts company’s stock after selling 15,480 shares during the period. Barclays PLC owned 0.45% of Monro worth $3,884,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MNRO. Nisa Investment Advisors LLC lifted its stake in Monro by 99.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company’s stock valued at $25,000 after buying an additional 523 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Monro in the second quarter worth $38,000. Quarry LP lifted its position in shares of Monro by 361.0% in the second quarter. Quarry LP now owns 2,047 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 1,603 shares in the last quarter. XTX Topco Ltd purchased a new stake in Monro during the 3rd quarter worth about $213,000. Finally, Johnson Investment Counsel Inc. increased its position in Monro by 47.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,360 shares of the auto parts company’s stock worth $223,000 after purchasing an additional 3,000 shares in the last quarter.

Monro Stock Performance

Monro stock opened at $25.16 on Monday. The stock has a fifty day moving average price of $27.65 and a 200 day moving average price of $26.37. Monro, Inc. has a 52 week low of $21.00 and a 52 week high of $33.98. The firm has a market capitalization of $753.52 million, a P/E ratio of 28.92, a PEG ratio of 2.08 and a beta of 1.11. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47.

Monro (NASDAQ:MNRO) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The company had revenue of $301.39 million for the quarter, compared to analyst estimates of $300.06 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Monro, Inc. will post 0.83 earnings per share for the current year.

Monro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 4.45%. Monro’s dividend payout ratio is presently 128.74%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MNRO. Stephens assumed coverage on shares of Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price target on the stock. Wedbush restated an “outperform” rating and set a $31.00 target price on shares of Monro in a research report on Wednesday, December 18th.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.