Distribution Solutions Group (NASDAQ:DSGR) Price Target Raised to $44.00 at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its price objective hoisted by Barrington Research from $43.00 to $44.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of Distribution Solutions Group in a research report on Monday, August 5th.

Distribution Solutions Group Trading Up 15.8 %

Shares of DSGR stock opened at $40.69 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 1,017.50 and a beta of 0.96. Distribution Solutions Group has a 12-month low of $22.91 and a 12-month high of $41.47. The stock’s 50-day moving average price is $37.75 and its 200-day moving average price is $34.63.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The firm had revenue of $468.02 million for the quarter, compared to analysts’ expectations of $469.80 million. During the same quarter in the prior year, the business earned $0.17 EPS. Equities research analysts predict that Distribution Solutions Group will post 1.39 EPS for the current fiscal year.

Institutional Trading of Distribution Solutions Group

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Distribution Solutions Group in the 3rd quarter worth about $150,000. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 8.6% during the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after acquiring an additional 676 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Distribution Solutions Group by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after acquiring an additional 406 shares during the period. Inspire Investing LLC bought a new stake in shares of Distribution Solutions Group during the first quarter valued at approximately $352,000. Finally, California State Teachers Retirement System grew its position in shares of Distribution Solutions Group by 15.7% during the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock worth $409,000 after buying an additional 1,563 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.