Distribution Solutions Group (NASDAQ:DSGR) Stock Price Up 8.4% - Here's Why

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.

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

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their price objective on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Distribution Solutions Group Price Performance

The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.36 billion, a P/E ratio of 325.94 and a beta of 0.63. The business's fifty day moving average price is $28.12 and its 200-day moving average price is $28.51.

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

Institutional Trading of Distribution Solutions Group

Several hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in Distribution Solutions Group in the second quarter worth $234,000. Schwartz Investment Counsel Inc. raised its stake 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 valued at $9,077,000 after acquiring an additional 80,532 shares during the last quarter. Catawba River Capital raised its stake in shares of Distribution Solutions Group by 16.3% during the second quarter. Catawba River Capital now owns 218,689 shares of the company's stock valued at $6,007,000 after acquiring an additional 30,685 shares during the last quarter. Swedbank AB raised its stake in shares of Distribution Solutions Group by 2.1% during the first quarter. Swedbank AB now owns 675,000 shares of the company's stock valued at $18,900,000 after acquiring an additional 13,708 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Distribution Solutions Group by 3.8% during the first quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock valued at $412,000 after acquiring an additional 532 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

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.