HD Supply (HDS) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of HD Supply (NASDAQ:HDS) from a buy rating to a hold rating in a research note published on Friday.

HDS has been the topic of a number of other reports. Zacks Investment Research raised shares of HD Supply from a hold rating to a buy rating and set a $41.00 target price on the stock in a report on Monday, October 9th. Credit Suisse Group lowered shares of HD Supply from an outperform rating to a neutral rating and set a $33.00 target price on the stock. in a report on Friday, September 8th. Wells Fargo & Co boosted their target price on shares of HD Supply from $40.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 6th. SunTrust Banks reissued a hold rating and set a $35.00 target price on shares of HD Supply in a report on Friday, November 10th. Finally, Royal Bank of Canada lowered shares of HD Supply from an outperform rating to a sector perform rating in a report on Wednesday, January 3rd. Fourteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. HD Supply has an average rating of Hold and a consensus target price of $38.85.

HD Supply (NASDAQ HDS) traded down $0.18 during mid-day trading on Friday, reaching $39.17. 2,047,700 shares of the company were exchanged, compared to its average volume of 3,217,940. The firm has a market cap of $7,270.00, a PE ratio of 32.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. analysts predict that HD Supply will post 2.27 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its stake in shares of HD Supply by 170.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,400 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of HD Supply in the 3rd quarter valued at $185,000. Meiji Yasuda Life Insurance Co bought a new stake in shares of HD Supply in the 2nd quarter valued at $214,000. Engineers Gate Manager LP bought a new stake in shares of HD Supply in the 2nd quarter valued at $224,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of HD Supply in the 3rd quarter valued at $236,000.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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