Distribution Solutions Group (NASDAQ:DSGR) Sets New 12-Month High – Should You Buy?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price hit a new 52-week high on Tuesday . The company traded as high as $34.87 and last traded at $34.76, with a volume of 307366 shares. The stock had previously closed at $34.59.

Analyst Ratings Changes

DSGR has been the subject of several analyst reports. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stephens set a $35.00 price objective on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Finally, Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the company a “market perform” rating in a report on Friday, July 17th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Distribution Solutions Group has an average rating of “Hold” and a consensus price target of $35.00.

Distribution Solutions Group Stock Up 0.1%

The firm has a market cap of $1.61 billion, a P/E ratio of 290.17 and a beta of 0.54. The firm’s 50-day moving average price is $29.60 and its 200 day moving average price is $28.26. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. The firm had revenue of $557.73 million during the quarter, compared to analyst estimates of $520.40 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. On average, equities research analysts expect that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Distribution Solutions Group

Several institutional investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group during the 2nd quarter valued at about $5,791,000. Agman Capital LLC acquired a new position in Distribution Solutions Group during the 4th quarter valued at about $4,954,000. Blair William & Co. IL bought a new position in Distribution Solutions Group in the 4th quarter worth about $3,092,000. Highlander Partners L.P. acquired a new stake in shares of Distribution Solutions Group in the fourth quarter valued at approximately $2,353,000. Finally, Goldman Sachs Group Inc. boosted its position in Distribution Solutions Group by 364.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 78,365 shares of the company’s stock worth $2,146,000 after acquiring an additional 61,500 shares during the period. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Company Profile

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.