Distribution Solutions Group (NASDAQ:DSGR) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $28.86, but opened at $27.97. Distribution Solutions Group shares last traded at $28.0750, with a volume of 246 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 15th. Barrington Research reiterated an “outperform” rating and set a $41.00 price target on shares of Distribution Solutions Group in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Distribution Solutions Group has an average rating of “Hold” and a consensus target price of $41.00.

View Our Latest Analysis on DSGR

Distribution Solutions Group Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.38 and a current ratio of 2.50. The company has a market cap of $1.32 billion, a PE ratio of -123.13 and a beta of 0.54. The company’s 50 day moving average price is $27.98 and its 200-day moving average price is $29.13.

Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 10.79%. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.

Distribution Solutions Group declared that its Board of Directors has approved a share repurchase plan on Monday, November 17th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Distribution Solutions Group

Several large investors have recently added to or reduced their stakes in DSGR. Tudor Investment Corp ET AL bought a new stake in Distribution Solutions Group in the 3rd quarter valued at about $226,000. CIBC Bancorp USA Inc. purchased a new position in shares of Distribution Solutions Group in the third quarter worth about $697,000. Eaton Financial Holdings Company LLC bought a new stake in shares of Distribution Solutions Group in the third quarter valued at approximately $337,000. PharVision Advisers LLC bought a new stake in shares of Distribution Solutions Group in the third quarter valued at approximately $250,000. Finally, Quarry LP purchased a new stake in shares of Distribution Solutions Group during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Distribution Solutions Group

(Get Free Report)

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.

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