Distribution Solutions Group (NASDAQ:DSGR) Trading 8.4% Higher - Should You Buy?

Key Points

• Shares of Distribution Solutions Group (NASDAQ:DSGR) rose by 8.4% to $31.27, although trading volume was down 65% compared to the average.
• Analysts at Barrington Research have lowered their price target for the stock from $44.00 to $39.00 while maintaining an "outperform" rating.
• The company reported a quarterly EPS of $0.31, missing expectations of $0.36, with revenues of $478.03 million falling short of the anticipated $497.17 million.

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) traded up 8.4% on Thursday . The stock traded as high as $31.57 and last traded at $31.27. 20,283 shares were traded during mid-day trading, a decline of 65% from the average session volume of 57,643 shares. The stock had previously closed at $28.84.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their price target on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.

Distribution Solutions Group Stock Performance

The company has a market cap of $1.39 billion, a price-to-earnings ratio of 1,499.25 and a beta of 0.59. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.45 and a current ratio of 2.74. The stock's fifty day simple moving average is $28.02 and its two-hundred day simple moving average is $28.65.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). The firm had revenue of $478.03 million during the quarter, compared to analysts' expectations of $497.17 million. Distribution Solutions Group had a return on equity of 10.88% and a net margin of 0.06%. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Institutional Trading of Distribution Solutions Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwartz Investment Counsel Inc. raised its holdings in shares of Distribution Solutions Group by 32.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company's stock worth $9,077,000 after purchasing an additional 80,532 shares during the period. First Trust Advisors LP grew its position in Distribution Solutions Group by 67.6% in the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock worth $5,469,000 after buying an additional 64,129 shares during the last quarter. Nuveen LLC purchased a new position in Distribution Solutions Group during the 1st quarter worth approximately $876,000. Catawba River Capital increased its position in Distribution Solutions Group by 16.3% in the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company's stock worth $6,007,000 after purchasing an additional 30,685 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Distribution Solutions Group by 214.2% during the first quarter. Jane Street Group LLC now owns 23,586 shares of the company's stock valued at $660,000 after acquiring an additional 16,080 shares during the period. Institutional investors and hedge funds 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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