Distribution Solutions Group (NASDAQ:DSGR) Price Target Raised to $40.00 at Barrington Research

Distribution Solutions Group (NASDAQ:DSGRFree Report) had its target price raised by Barrington Research from $36.00 to $40.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Stephens restated an overweight rating and issued a $42.00 target price on shares of Distribution Solutions Group in a research note on Monday.

Check Out Our Latest Research Report on DSGR

Distribution Solutions Group Stock Performance

Shares of DSGR traded up $0.12 during mid-day trading on Thursday, hitting $35.53. The stock had a trading volume of 33,087 shares, compared to its average volume of 50,775. Distribution Solutions Group has a fifty-two week low of $22.16 and a fifty-two week high of $36.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.72 and a quick ratio of 1.42. The company’s fifty day simple moving average is $33.59 and its two-hundred day simple moving average is $31.04.

Distribution Solutions Group (NASDAQ:DSGRGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Distribution Solutions Group had a negative net margin of 1.23% and a positive return on equity of 6.21%. The firm had revenue of $405.24 million during the quarter, compared to the consensus estimate of $417.00 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. As a group, sell-side analysts predict that Distribution Solutions Group will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DSGR. Amalgamated Bank lifted its holdings in shares of Distribution Solutions Group by 100.0% in the third quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock valued at $36,000 after buying an additional 691 shares during the period. Barclays PLC boosted its position in shares of Distribution Solutions Group by 64.6% during the 3rd quarter. Barclays PLC now owns 3,301 shares of the company’s stock valued at $85,000 after purchasing an additional 1,296 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Distribution Solutions Group by 98.7% in the 3rd quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock worth $90,000 after purchasing an additional 1,717 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after purchasing an additional 676 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Distribution Solutions Group during the first quarter valued at approximately $352,000. 91.64% of the stock is owned by institutional investors and hedge funds.

About Distribution Solutions Group

(Get Free Report)

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.

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