Distribution Solutions Group (NASDAQ:DSGR) Given New $35.00 Price Target at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR) had its target price reduced by Barrington Research from $41.00 to $35.00 in a report released on Tuesday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.00.

Distribution Solutions Group Trading Down 2.6%

NASDAQ:DSGR opened at $20.91 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.56 and a quick ratio of 1.35. Distribution Solutions Group has a one year low of $20.30 and a one year high of $33.80. The company has a market cap of $965.83 million, a PE ratio of 116.17 and a beta of 0.51. The firm has a 50-day moving average of $29.00 and a 200-day moving average of $29.04.

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

Distribution Solutions Group declared that its Board of Directors has authorized a share buyback program on Monday, November 17th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Distribution Solutions Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock valued at $27,522,000 after buying an additional 6,882 shares during the period. Schwartz Investment Counsel Inc. grew its stake in shares of Distribution Solutions Group by 7.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock worth $10,691,000 after acquiring an additional 25,000 shares during the period. Nantahala Capital Management LLC grew its stake in shares of Distribution Solutions Group by 43.3% during the 4th quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock worth $9,039,000 after acquiring an additional 99,661 shares during the period. Geode Capital Management LLC increased its holdings in Distribution Solutions Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock worth $7,193,000 after acquiring an additional 6,038 shares during the last quarter. Finally, Catawba River Capital increased its holdings in Distribution Solutions Group by 1.8% in the 3rd quarter. Catawba River Capital now owns 222,646 shares of the company’s stock worth $6,697,000 after acquiring an additional 3,957 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.