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

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

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

Distribution Solutions Group Trading Up 0.1%

Shares of DSGR stock opened at $27.72 on Thursday. Distribution Solutions Group has a fifty-two week low of $19.02 and a fifty-two week high of $33.80. The stock’s fifty day moving average price is $27.22 and its two-hundred day moving average price is $27.77. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. The company has a market cap of $1.28 billion, a PE ratio of 231.00 and a beta of 0.55.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. Equities analysts predict that Distribution Solutions Group will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DSGR. BNP Paribas Financial Markets grew its position in shares of Distribution Solutions Group by 53.5% in the 2nd 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 in the third quarter valued at about $42,000. Tudor Investment Corp ET AL bought a new position in shares of Distribution Solutions Group during the third quarter worth about $226,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Distribution Solutions Group in the first quarter worth approximately $229,000. Finally, R Squared Ltd acquired a new position in shares of Distribution Solutions Group in the fourth quarter worth approximately $238,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.