Distribution Solutions Group (NASDAQ:DSGR) Price Target Raised to $41.00

Distribution Solutions Group (NASDAQ:DSGR) had its target price lifted by Barrington Research from $39.00 to $41.00 in a report released on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Distribution Solutions Group Stock Performance

Shares of DSGR opened at $32.76 on Monday. The company’s 50 day moving average price is $29.75 and its 200 day moving average price is $28.45. Distribution Solutions Group has a 52 week low of $21.87 and a 52 week high of $41.47. The company has a market capitalization of $1.52 billion, a PE ratio of 364.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.36 and a current ratio of 2.59.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. The company had revenue of $502.44 million for the quarter, compared to analysts’ expectations of $484.43 million. Research analysts expect that Distribution Solutions Group will post 1.28 EPS for the current fiscal year.

Institutional Trading of Distribution Solutions Group

A number of institutional investors have recently added to or reduced their stakes in DSGR. Nantahala Capital Management LLC acquired a new stake in Distribution Solutions Group in the second quarter valued at approximately $5,791,000. Schwartz Investment Counsel Inc. grew its stake in Distribution Solutions Group by 32.2% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company’s stock valued at $9,077,000 after buying an additional 80,532 shares during the last quarter. First Trust Advisors LP raised its holdings in Distribution Solutions Group by 67.6% in the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after acquiring an additional 64,129 shares during the period. Nuveen LLC bought a new position in Distribution Solutions Group in the 1st quarter worth $876,000. Finally, Catawba River Capital raised its holdings in Distribution Solutions Group by 16.3% in the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company’s stock worth $6,007,000 after acquiring an additional 30,685 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.