DIT stock: buy or sell?

DIT stock price: $85.50 -6.89% At close on August 15th, 2019

Updated on:
August 15th, 2019

0

AMCON Distributing shares plummed -6.89% to $85.50 on August/15.

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States.

Should I buy DIT stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with AMCON Distributing stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is AMCON Distributing stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for DIT stock for the last 30 days.

DIT stock analysis

Daily outlook

AMCON Distributing shares plummed -6.89% to $85.50 on Aug/15.

Shares of AMCON Distributing ended on Aug/15 at $85.50 and plummed a bloodcurdling -6.89%. In this session, AMCON Distributing stock crossed down the SMA200d line. If you are using SMA200d line as stop loss trigger, double check your position in this stock. , DIT hit new all time highs, pushing higher previous ATH of $116.36 recorded . New ATHs are usual entry points for many trading setups as there aren't higher resistences.

DIT stock chart (daily)

Weekly outlook

AMCON Distributing shares collapsed -6.89% last week, ending at $85.50. Counting this, it's been 3 sliding weeks in a row, loosing $-9.72 (-10.45%).

AMCON Distributing stock just marked a top under its last top. Athought it's not something to really worring right now, investors in DIT should be aware as this could be a warning for future complications. It's important DIT stock price keeps the level, and maybe bounce up from there forming a double bottom shape. Since price and 40-weeks moving average lines crossed down late July, DIT fell $-7.53 per share (-8.09%). Stocks under the 200 days moving average line are usually not recommended for average traders.

DIT stock chart (weekly)

DIT stock price history

DIT IPO was on August 7th, 1995 at $16.20 per share1. Since then, DIT stock surged a 427.80%, with an average of 17.80% per year. If you had invested right after DIT's IPO a $1,000 in DIT stock in 1995, it would worth $4,278.00 today.

1: Adjusted price after possible price splits or reverse-splits.

DIT stock historical price chart

DIT stock reached all-time highs with a price of $119.52.

DIT stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price forecast for AMCON Distributing stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last January, when AMCON Distributing presented its last earnings report, it eased a rough -7.25%. Unfortunately, reported EPS is not yet available in our database.
DIT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.56n/a
2017-Q32017-11-08n/an/an/a
2017-Q42018-01-19n/an/an/a
2018-Q12018-04-18n/a0.49n/a
2018-Q22018-07-18n/a1.18n/a
2018-Q32018-11-08n/a1.6n/a
2018-Q42019-01-18n/a1.99n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a decent growth of 3.71% to $1,322.31 million USD. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) remained steady a 0.04% to 0.27%.

AMCON Distributing fiscal year ends in September, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, AMCON Distributing TTM sales up to December 2018 were $1,351.53 and earnings $3.38 M USD. When comparing this TTM figures with the last reported annuality, we can review AMCON Distributing business evolution since September 2018: Annual revenues up to December, compared to lastest yearly report, inched a slightly good 2.21%. Regarding profit margin, AMCON Distributing stayed stable -0.02% to 0.27%

DIT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,210 M-$5.86 M0.5%-
2014$1,237 M2.21%$4.96 M0.4%-15.37%
2015$1,282 M3.65%$6.36 M0.5%28.26%
2016$1,295 M1.00%$5.98 M0.5%-5.98%
2017$1,275 M-1.52%$2.95 M0.2%-50.68%
2018$1,322 M3.71%$3.61 M0.3%22.55%
TTM $1,352 M2.21%$3.38 M0.3%-6.50%

Quarterly financial results

AMCON Distributing posted $344.73 M in sales for 2018-Q4, a -4.91% less compared to previous quarter. Reported quarter earnings marked $1.25 M with a profit margin of 0.36%. Profit margin remained constant a 0.08% compared to previous quarter when profit margin was 0.28%. When comparing turnover to same quarter last year, AMCON Distributing sales marked a phenomenal increase and rose a 9.26%.
DIT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$333 M-$0.39 M0.1%-
2017-Q3$338 M1.55%$1.03 M0.3%167.39%
2017-Q4$316 M-6.65%$1.48 M0.5%43.76%
2018-Q1$295 M-6.44%$0.34 M0.1%-77.10%
2018-Q2$349 M18.24%$0.79 M0.2%131.65%
2018-Q3$363 M3.87%$1.01 M0.3%28.73%
2018-Q4$345 M-4.91%$1.25 M0.4%23.23%
2019-Q1$311 M-9.87%$1.52 M0.5%22.32%

AMCON Distributing ownership

When you are planning to buy shares of a company, it's always worth to have a look its ownership structure.

AMCON Distributing shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 58.86% of all shares.

In case of AMCON Distributing stock, 14.57% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DIT stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

DITCHEFCORESPTNSYY
Market cap$50.7 M$1.2 B$1.5 B$404.5 M$37.7 B
Total shares0.6 M29.9 M45.9 M36.3 M514.0 M
Float shares0.2 M24.9 M44.9 M35.1 M512.7 M
  - Institutional holdings (%)14.6%87.6%93.9%89.1%81.7%
  - Insider holdings (%)58.9%16.3%2.4%2.9%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

DIT summary

Thursday, August 15th, 2019
Open$86.10
Close$85.50
Day range$84.27 - $88.00
Previous close$91.83
Session gain-6.89%
Average true range$3.31
50d mov avg$90.13
100d mov avg$95.39
200d mov avg$90.19
Daily patternlt06c
Weekly pattern lt01a

AMCON Distributing performance

To better understand AMCON Distributing performance you must becnhmark its gains with other related stocks in same sector or industry. For AMCON Distributing, the comparison is made against The Chefs' Warehouse, Core-Mark, SpartanNash, Sysco, United Natural Foods and G. Willi-Food International.
Stock3m6m12m
DITAMCON Distributin...1.60%-5.31%-16.14%
CHEFThe Chefs' Wa...14.70%21.73%35.85%
CORECore-Mark-15.46%3.83%-8.06%
SPTNSpartanNash-12.28%-40.74%-45.66%
SYYSysco-1.81%10.09%-1.07%
UNFIUnited Natural Fo...-28.82%-44.82%-76.64%
WILCG. Willi-Food Int...10.70%26.67%51.45%

AMCON Distributing competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for AMCON Distributing. We selected 6 companies as AMCON Distributing competitors as they are in the same industry or have similar market objectives.