Distribution Solutions Group (NASDAQ:DSGR) Stock Rating Reaffirmed by Stephens

Stephens reiterated their overweight rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research report released on Monday morning, Benzinga reports. They currently have a $42.00 target price on the stock.

Separately, Barrington Research reiterated an outperform rating and issued a $40.00 price objective on shares of Distribution Solutions Group in a report on Tuesday, May 28th.

Distribution Solutions Group Stock Up 1.1 %

Shares of Distribution Solutions Group stock opened at $32.74 on Monday. The company’s 50 day moving average price is $31.30 and its 200-day moving average price is $32.75. Distribution Solutions Group has a 52-week low of $22.91 and a 52-week high of $37.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.42 and a current ratio of 2.72. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -77.95 and a beta of 0.99.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $439.54 million for the quarter, compared to analyst estimates of $437.40 million. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.39%. During the same quarter last year, the firm earned $0.26 EPS. Equities research analysts forecast that Distribution Solutions Group will post 1.19 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert Zamarripa bought 4,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $30.24 per share, with a total value of $120,960.00. Following the purchase, the director now owns 33,105 shares of the company’s stock, valued at approximately $1,001,095.20. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 76.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Distribution Solutions Group by 8.6% during the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after purchasing an additional 676 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Distribution Solutions Group by 4.5% during the 1st 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 in the last quarter. Inspire Investing LLC purchased a new stake in shares of Distribution Solutions Group in the 1st quarter worth about $352,000. California State Teachers Retirement System increased its stake in shares of Distribution Solutions Group by 15.7% in 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 in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $420,000. 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.