Stephens Reaffirms “Overweight” Rating for Distribution Solutions Group (NASDAQ:DSGR)

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a research report issued on Monday, Benzinga reports. They currently have a $42.00 price objective on the stock. Stephens’ target price suggests a potential upside of 18.31% from the company’s current price.

Separately, Barrington Research raised their target price on shares of Distribution Solutions Group from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th.

Distribution Solutions Group Trading Up 2.9 %

NASDAQ DSGR traded up $1.01 during trading on Monday, hitting $35.50. The company had a trading volume of 7,096 shares, compared to its average volume of 56,585. The company has a current ratio of 2.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.82. Distribution Solutions Group has a one year low of $22.16 and a one year high of $36.61. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -84.52 and a beta of 0.92. The company’s fifty day moving average is $33.22 and its 200-day moving average is $30.85.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. Distribution Solutions Group had a negative net margin of 1.23% and a positive return on equity of 6.21%. The company had revenue of $405.24 million for the quarter, compared to the consensus estimate of $417.00 million. During the same period in the prior year, the firm posted $0.13 EPS. On average, sell-side analysts predict that Distribution Solutions Group will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Distribution Solutions Group

A number of large investors have recently bought and sold shares of DSGR. Amalgamated Bank lifted its position in shares of Distribution Solutions Group by 100.0% during the 3rd quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock valued at $36,000 after buying an additional 691 shares in the last quarter. Barclays PLC grew its position in shares of Distribution Solutions Group by 64.6% during the third quarter. Barclays PLC now owns 3,301 shares of the company’s stock worth $85,000 after buying an additional 1,296 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Distribution Solutions Group by 98.7% during the third quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock worth $90,000 after purchasing an additional 1,717 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Distribution Solutions Group by 8.6% in the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after buying an additional 676 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $420,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Distribution Solutions Group

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.