Distribution Solutions Group (NASDAQ:DSGR) Receives "Overweight" Rating from Stephens

Stephens reissued their overweight rating on shares of Distribution Solutions Group (NASDAQ:DSGR - Free Report) in a research note issued to investors on Monday morning, Benzinga reports. Stephens currently has a $42.00 target price on the stock.

Separately, Barrington Research boosted their price target on Distribution Solutions Group from $34.00 to $36.00 and gave the stock an outperform rating in a research note on Wednesday, March 13th.

Distribution Solutions Group Stock Performance

Shares of Distribution Solutions Group stock traded down $0.01 during trading on Monday, reaching $34.48. The company's stock had a trading volume of 62,091 shares, compared to its average volume of 57,219. The company has a 50-day moving average price of $33.22 and a two-hundred day moving average price of $30.85. Distribution Solutions Group has a fifty-two week low of $22.16 and a fifty-two week high of $36.61. The company has a current ratio of 2.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.82. The firm has a market cap of $1.61 billion, a PE ratio of -84.52 and a beta of 0.92.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Distribution Solutions Group had a positive return on equity of 6.21% and a negative net margin of 1.23%. The firm had revenue of $405.24 million during the quarter, compared to analysts' expectations of $417.00 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, analysts forecast that Distribution Solutions Group will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Distribution Solutions Group

Several large investors have recently added to or reduced their stakes in DSGR. Amalgamated Bank raised its position in shares of Distribution Solutions Group by 100.0% in the 3rd quarter. Amalgamated Bank now owns 1,382 shares of the company's stock valued at $36,000 after purchasing an additional 691 shares in the last quarter. Barclays PLC increased its position in shares of Distribution Solutions Group by 64.6% in the 3rd quarter. Barclays PLC now owns 3,301 shares of the company's stock worth $85,000 after purchasing an additional 1,296 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Distribution Solutions Group by 98.7% during the third quarter. New York State Common Retirement Fund now owns 3,456 shares of the company's stock worth $90,000 after purchasing an additional 1,717 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Distribution Solutions Group by 8.6% during the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company's stock valued at $302,000 after acquiring an additional 676 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Distribution Solutions Group during the fourth quarter worth about $420,000. 91.64% of the stock is currently owned by hedge funds and other 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.