Distribution Solutions Group (NASDAQ:DSGR) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Distribution Solutions Group (NASDAQ:DSGR) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings lowered Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Barrington Research lowered their target price 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, Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

Distribution Solutions Group Trading Up 0.1%

NASDAQ DSGR opened at $27.72 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $33.80. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 231.00 and a beta of 0.55. The business’s fifty day moving average is $27.22 and its 200 day moving average is $27.77.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. As a group, sell-side analysts expect that Distribution Solutions Group will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DSGR. Jane Street Group LLC raised its position in shares of Distribution Solutions Group by 214.2% in the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after acquiring an additional 16,080 shares in the last quarter. Nantahala Capital Management LLC bought a new position in shares of Distribution Solutions Group in the 2nd quarter worth about $5,791,000. BNP Paribas Financial Markets raised 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 worth $32,000 after acquiring an additional 408 shares in the last quarter. Monimus Capital Management LP raised its position in shares of Distribution Solutions Group by 13.0% in the 2nd quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock worth $2,775,000 after acquiring an additional 11,590 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Distribution Solutions Group by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock worth $454,000 after acquiring an additional 5,779 shares in the last quarter. 91.64% of the stock is owned by 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.