Distribution Solutions Group (NASDAQ:DSGR) Shares Gap Up – Time to Buy?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) gapped up prior to trading on Friday . The stock had previously closed at $27.48, but opened at $34.42. Distribution Solutions Group shares last traded at $34.4550, with a volume of 22,516 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on DSGR. Stephens set a $35.00 price target on Distribution Solutions Group in a research report on Thursday. Zacks Research lowered Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Weiss Ratings lowered shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Finally, Barrington Research set a $35.00 target price on shares of Distribution Solutions Group in a research report on Friday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $35.00.

Distribution Solutions Group Trading Up 0.0%

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’s 50-day moving average price is $27.51 and its 200-day moving average price is $27.70. The firm has a market capitalization of $1.59 billion, a PE ratio of 286.96 and a beta of 0.56.

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). 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%. On average, sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Distribution Solutions Group

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Distribution Solutions Group by 53.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares in the last quarter. Quarry LP purchased a new position in shares of Distribution Solutions Group during the third quarter valued at approximately $42,000. Tudor Investment Corp ET AL purchased a new position in shares of Distribution Solutions Group during the third quarter valued at approximately $226,000. Arrowstreet Capital Limited Partnership acquired a new stake in Distribution Solutions Group during the first quarter worth approximately $229,000. Finally, R Squared Ltd acquired a new stake in Distribution Solutions Group during the fourth quarter worth approximately $238,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.