Distribution Solutions Group (NASDAQ:DSGR) Reaches New 52-Week High - Here's What Happened

Key Points

• Distribution Solutions Group (NASDAQ:DSGR) hit a new 52-week high, trading as high as $34.37 and last at $34.6680, well above its prior close of $27.48.
• Analyst views on the stock are mixed: recent downgrades from Zacks Research and Weiss Ratings contrast with an overweight call from Stephens, leaving the consensus rating at Hold with a $34.50 price target.
• The company recently reported quarterly EPS of $0.24, missing estimates, while revenue came in at $496 million, above expectations; institutional investors now hold 91.64% of the shares.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $34.37 and last traded at $34.6680, with a volume of 55463 shares changing hands. The stock had previously closed at $27.48.

Wall Street Analysts Forecast Growth

DSGR has been the topic of a number of research reports. Zacks Research lowered Distribution Solutions Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, June 11th. Weiss Ratings downgraded Distribution Solutions Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, July 10th. Stephens restated an "overweight" rating and set a $36.00 price target on shares of Distribution Solutions Group in a report on Tuesday, May 5th. Finally, Barrington Research lowered their price objective on Distribution Solutions Group from $35.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.50.

Distribution Solutions Group Stock Up 25.3%

The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 286.81 and a beta of 0.56. The stock has a fifty day moving average of $27.37 and a two-hundred day moving average of $27.66. 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 - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The company had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Sell-side analysts anticipate that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current year.

Institutional Trading of Distribution Solutions Group

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

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