Distribution Solutions Group (NASDAQ:DSGR) Stock Price Expected to Rise, Barrington Research Analyst Says

Distribution Solutions Group (NASDAQ:DSGR) had its target price lifted by analysts at Barrington Research from $43.00 to $44.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 9.40% from the company’s previous close.

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

Distribution Solutions Group Stock Performance

Shares of DSGR opened at $40.22 on Wednesday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 1,005.75 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 firm has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $34.67. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03.

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

Institutional Inflows and Outflows

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