Distribution Solutions Group (NASDAQ:DSGR) Price Target Lowered to $33.00 at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its target price dropped by analysts at Barrington Research from $35.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 21.64% from the company’s current price.

DSGR has been the subject of a number of other reports. Zacks Research upgraded shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings lowered shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Distribution Solutions Group in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

Distribution Solutions Group Stock Down 0.2%

NASDAQ DSGR traded down $0.05 during mid-day trading on Thursday, reaching $27.13. The stock had a trading volume of 71,458 shares, compared to its average volume of 121,456. Distribution Solutions Group has a 1 year low of $19.02 and a 1 year high of $33.80. The stock has a market cap of $1.25 billion, a PE ratio of 226.08 and a beta of 0.56. The company has a fifty day moving average price of $26.33 and a 200 day moving average price of $27.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The firm had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $489.30 million. On average, research analysts expect that Distribution Solutions Group will post 1.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert Zamarripa bought 14,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $21.23 per share, with a total value of $297,220.00. Following the transaction, the director owned 47,105 shares in the company, valued at approximately $1,000,039.15. This trade represents a 42.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 78.80% of the company’s stock.

Institutional Investors Weigh In On Distribution Solutions Group

A number of large investors have recently added to or reduced their stakes in DSGR. Nantahala Capital Management LLC bought a new stake in Distribution Solutions Group in the 2nd quarter worth approximately $5,791,000. Agman Capital LLC purchased a new position in shares of Distribution Solutions Group during the 4th quarter worth $4,954,000. Blair William & Co. IL purchased a new position in shares of Distribution Solutions Group during the 4th quarter worth $3,092,000. Teton Advisors LLC purchased a new position in shares of Distribution Solutions Group during the 3rd quarter worth $3,188,000. Finally, Highlander Partners L.P. purchased a new position in shares of Distribution Solutions Group during the 4th quarter worth $2,353,000. 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. 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.