Kevin Steinke, an analyst from Barrington, maintained the Buy rating on Distribution Solutions Group (DSGR – Research Report). The associated price target remains the same with $39.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Kevin Steinke has given his Buy rating due to a combination of factors that highlight the potential for growth and efficiency improvements within Distribution Solutions Group. The company has been actively implementing initiatives to enhance sales force productivity, particularly within its Lawson Products segment, which is a significant contributor to its revenue. These initiatives include the adoption of new customer relationship management technology that aids sales representatives in identifying new customer opportunities and expanding existing customer relationships.
Additionally, the company has restructured its sales operations to improve efficiency. This includes the creation of an inside sales team to handle smaller accounts, freeing up field representatives to focus on larger opportunities. The company has also increased its sales representative headcount and redefined sales territories to optimize route efficiency. These strategic moves, along with increased accountability for district sales managers, are expected to drive organic sales growth and improve overall productivity, supporting the Buy rating assigned by Steinke.