Distribution Solutions Group (NASDAQ:DSGR) Hits New 1-Year High - Here's Why

Key Points

• DSGR reached a new 52-week high of $35.29 in Tuesday trading, with the last reported price at $35.025.
• Quarterly results exceeded expectations: earnings per share were $0.58 versus a $0.30 consensus, while revenue of $573.62 million topped the $558.60 million estimate.
• Analyst sentiment remains cautious: all four analysts cited rate the stock Hold, with an average price target of $35—roughly in line with its recent trading price.

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $35.29 and last traded at $35.0250, with a volume of 100 shares. The stock had previously closed at $34.95.

Wall Street Analysts Forecast Growth

DSGR has been the subject of several research analyst reports. Weiss Ratings upgraded Distribution Solutions Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Zacks Research upgraded Distribution Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Barrington Research set a $35.00 price objective on shares of Distribution Solutions Group and gave the company a "market perform" rating in a research report on Friday, July 17th. Finally, Stephens set a $35.00 target price on shares of Distribution Solutions Group in a report on Thursday, July 16th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $35.00.

Distribution Solutions Group Stock Up 0.1%

The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54. The stock has a market capitalization of $1.62 billion, a PE ratio of 145.94 and a beta of 0.54. The business has a 50 day moving average of $34.94 and a two-hundred day moving average of $30.46.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.28. The business had revenue of $573.62 million for the quarter, compared to analysts' expectations of $558.60 million. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%. Analysts predict that Distribution Solutions Group, Inc. will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Distribution Solutions Group

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of Distribution Solutions Group by 30,271.6% in the 3rd quarter. Parallel Advisors LLC now owns 24,601 shares of the company's stock valued at $859,000 after buying an additional 24,520 shares during the period. Signaturefd LLC increased its stake in shares of Distribution Solutions Group by 123.6% during the third quarter. Signaturefd LLC now owns 1,004 shares of the company's stock worth $35,000 after buying an additional 555 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Distribution Solutions Group during the third quarter worth approximately $104,000. Farther Finance Advisors LLC increased its stake in shares of Distribution Solutions Group by 82,500.0% during the third quarter. Farther Finance Advisors LLC now owns 3,304 shares of the company's stock worth $115,000 after buying an additional 3,300 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in Distribution Solutions Group in the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Distribution Solutions Group Company Profile

Distribution Solutions Group, Inc is a specialty distribution company serving industrial, manufacturing and other business customers. It supplies products and related services that help customers maintain operations, support production and manage supply-chain needs.

The company operates through three businesses: Lawson Products, which provides maintenance, repair and operations supplies; Gexpro Services, which supports original equipment manufacturers with supply-chain and distribution services; and TestEquity, which distributes test and measurement equipment, electronic production supplies and environmental test chambers.

Distribution Solutions Group was formed in 2022 through the combination of Lawson Products and Gexpro Services, with TestEquity joining the group later that year.

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