Distribution Solutions Group (NASDAQ:DSGR) Stock Price Down 7.8% – Time to Sell?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) fell 7.8% on Monday . The stock traded as low as $20.30 and last traded at $20.3610. 167,853 shares were traded during trading, an increase of 77% from the average session volume of 94,615 shares. The stock had previously closed at $22.09.

Analysts Set New Price Targets

DSGR has been the subject of several recent research reports. Barrington Research decreased their price objective on Distribution Solutions Group from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Distribution Solutions Group Stock Down 1.5%

The firm has a market cap of $951.24 million, a PE ratio of 114.41 and a beta of 0.51. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.56. The firm’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $29.04.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%.The firm had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $496.30 million. As a group, equities research analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Distribution Solutions Group announced that its board has authorized a stock buyback plan on Monday, November 17th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Distribution Solutions Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its position in Distribution Solutions Group by 214.2% during the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after purchasing an additional 16,080 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Distribution Solutions Group by 2.4% during the second quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock worth $7,193,000 after buying an additional 6,038 shares during the period. Swiss National Bank grew its holdings in shares of Distribution Solutions Group by 20.6% during the second quarter. Swiss National Bank now owns 22,204 shares of the company’s stock worth $610,000 after buying an additional 3,800 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in shares of Distribution Solutions Group during the second quarter worth about $5,791,000. Finally, BNP Paribas Financial Markets lifted its position in Distribution Solutions Group by 53.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after acquiring an additional 408 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.