Distribution Solutions Group (NASDAQ:DSGR) Price Target Raised to $40.00 at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its price target upped by stock analysts at Barrington Research from $36.00 to $40.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective would suggest a potential upside of 12.96% from the company’s previous close.

Separately, Stephens restated an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday.

Distribution Solutions Group Stock Performance

Shares of Distribution Solutions Group stock opened at $35.41 on Thursday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -84.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.72 and a quick ratio of 1.42. Distribution Solutions Group has a 1 year low of $22.16 and a 1 year high of $36.61. The firm’s 50-day moving average is $33.50 and its 200 day moving average is $30.99.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, March 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $405.24 million for the quarter, compared to the consensus estimate of $417.00 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Sell-side analysts anticipate that Distribution Solutions Group will post 1.49 EPS for the current fiscal year.

Institutional Trading of Distribution Solutions Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after purchasing an additional 676 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Distribution Solutions Group by 100.0% in the third quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock worth $36,000 after buying an additional 691 shares in the last quarter. Barclays PLC boosted 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 acquiring an additional 1,296 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Distribution Solutions Group by 98.7% in the 3rd quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock valued at $90,000 after acquiring an additional 1,717 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Distribution Solutions Group by 25.5% in the 1st quarter. Swiss National Bank now owns 23,104 shares of the company’s stock valued at $820,000 after acquiring an additional 4,700 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.