Zacks Research Downgrades Distribution Solutions Group (NASDAQ:DSGR) to Strong Sell

Distribution Solutions Group (NASDAQ:DSGR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on DSGR. Weiss Ratings downgraded Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Barrington Research dropped their price objective on Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $36.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Distribution Solutions Group presently has a consensus rating of “Hold” and an average price target of $34.50.

Distribution Solutions Group Price Performance

Shares of DSGR stock opened at $27.72 on Thursday. Distribution Solutions Group has a 1-year low of $19.02 and a 1-year high of $33.80. The stock’s 50-day moving average is $27.22 and its 200 day moving average is $27.77. The company has a market cap of $1.28 billion, a P/E ratio of 231.00 and a beta of 0.55. 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 issued 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 net margin of 0.27% and a return on equity of 8.49%. The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Research analysts predict that Distribution Solutions Group will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Distribution Solutions Group

Institutional investors have recently added to or reduced their stakes in the business. Highlander Partners L.P. acquired a new stake in Distribution Solutions Group in the fourth quarter worth about $2,353,000. Teton Advisors LLC acquired a new stake in Distribution Solutions Group in the third quarter worth about $3,188,000. R Squared Ltd acquired a new stake in Distribution Solutions Group in the fourth quarter worth about $238,000. Tudor Investment Corp ET AL acquired a new stake in Distribution Solutions Group in the third quarter worth about $226,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Distribution Solutions Group in the first quarter worth about $229,000. Institutional investors and hedge funds 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.