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

Distribution Solutions Group (NASDAQ:DSGR) was downgraded by investment analysts at Stephens from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on DSGR. Weiss Ratings lowered shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Barrington Research dropped their price target on Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research cut Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Distribution Solutions Group presently has a consensus rating of “Reduce” and a consensus price target of $34.00.

Distribution Solutions Group Stock Performance

NASDAQ:DSGR opened at $34.43 on Thursday. The company’s 50-day moving average price is $27.51 and its 200-day moving average price is $27.70. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.59 billion, a P/E ratio of 286.92 and a beta of 0.56. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $34.83.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results 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 business had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. On average, sell-side analysts forecast that Distribution Solutions Group will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Distribution Solutions Group

Several institutional investors and hedge funds have recently bought and sold shares of DSGR. BNP Paribas Financial Markets lifted its position in Distribution Solutions Group by 53.5% in the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the last quarter. Quarry LP acquired a new stake in shares of Distribution Solutions Group during the third quarter valued at about $42,000. Tudor Investment Corp ET AL acquired a new stake in shares of Distribution Solutions Group during the third quarter valued at about $226,000. Millennium Management LLC purchased a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at approximately $245,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at approximately $250,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.