Barrington Research Increases Distribution Solutions Group (NASDAQ:DSGR) Price Target to $41.00

Key Points

• Barrington Research has raised the price target for Distribution Solutions Group (NASDAQ:DSGR) from $39.00 to $41.00, indicating a potential upside of 24.09% based on the current stock price.
• The company's stock recently traded at $33.04, down by 0.7%, with a twelve-month price range between $21.87 and $41.47.
• Distribution Solutions Group reported $0.35 earnings per share, missing estimates, but had higher revenue than anticipated at $502.44 million for the quarter.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) had its price target lifted by equities researchers at Barrington Research from $39.00 to $41.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Barrington Research's target price would suggest a potential upside of 24.09% from the company's current price.

Distribution Solutions Group Trading Down 0.7%

NASDAQ:DSGR traded down $0.22 during trading hours on Monday, hitting $33.04. 7,203 shares of the stock were exchanged, compared to its average volume of 58,281. The company's 50 day moving average is $29.38 and its two-hundred day moving average is $28.37. Distribution Solutions Group has a twelve month low of $21.87 and a twelve month high of $41.47. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.53 billion, a P/E ratio of 368.03 and a beta of 0.63.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). Distribution Solutions Group had a return on equity of 10.51% and a net margin of 0.22%.The firm had revenue of $502.44 million for the quarter, compared to analyst estimates of $484.43 million. On average, sell-side analysts anticipate that Distribution Solutions Group will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Distribution Solutions Group

Several institutional investors and hedge funds have recently made changes to their positions in DSGR. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group during the 2nd quarter valued at $5,791,000. Schwartz Investment Counsel Inc. increased its position in shares of Distribution Solutions Group by 32.2% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company's stock valued at $9,077,000 after buying an additional 80,532 shares in the last quarter. First Trust Advisors LP increased its position in shares of Distribution Solutions Group by 67.6% in the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock valued at $5,469,000 after buying an additional 64,129 shares in the last quarter. Nuveen LLC bought a new stake in shares of Distribution Solutions Group in the 1st quarter valued at $876,000. Finally, Catawba River Capital increased its position in shares of Distribution Solutions Group by 16.3% in the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company's stock valued at $6,007,000 after buying an additional 30,685 shares in the last quarter. 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.

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