Distribution Solutions Group (NASDAQ:DSGR) Price Target Lowered to $33.00 at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its price objective reduced by investment analysts at Barrington Research from $35.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 21.64% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Weiss Ratings lowered shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Zacks Research upgraded shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Distribution Solutions Group in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.50.

Distribution Solutions Group Trading Down 0.2%

Shares of Distribution Solutions Group stock traded down $0.05 during trading on Thursday, reaching $27.13. 71,458 shares of the stock were exchanged, compared to its average volume of 121,456. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average is $26.33 and its 200 day moving average is $27.70. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 226.08 and a beta of 0.56. Distribution Solutions Group has a 1 year low of $19.02 and a 1 year high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. As a group, equities research analysts expect that Distribution Solutions Group will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Distribution Solutions Group news, Director Robert Zamarripa bought 14,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $21.23 per share, with a total value of $297,220.00. Following the completion of the purchase, the director owned 47,105 shares of the company’s stock, valued at approximately $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 78.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Distribution Solutions Group

A number of institutional investors and hedge funds have recently made changes to their positions in DSGR. Nantahala Capital Management LLC bought a new position in shares of Distribution Solutions Group during the second quarter valued at approximately $5,791,000. Agman Capital LLC bought a new position in shares of Distribution Solutions Group during the fourth quarter valued at approximately $4,954,000. Blair William & Co. IL bought a new position in shares of Distribution Solutions Group during the fourth quarter valued at approximately $3,092,000. Teton Advisors LLC bought a new position in shares of Distribution Solutions Group during the third quarter valued at approximately $3,188,000. Finally, Highlander Partners L.P. bought a new position in shares of Distribution Solutions Group during the fourth quarter valued at approximately $2,353,000. 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. 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.