HD Supply (HDS) Downgraded by BidaskClub to Sell

HD Supply (NASDAQ:HDS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages also recently issued reports on HDS. Royal Bank of Canada downgraded HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. SunTrust Banks restated a “hold” rating and issued a $42.00 price target on shares of HD Supply in a research report on Thursday, December 7th. Finally, Wells Fargo & Co raised their price target on HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.85.

HD Supply (NASDAQ:HDS) opened at $38.50 on Thursday. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $7,150.00, a P/E ratio of 32.08, a PEG ratio of 0.87 and a beta of 1.40. HD Supply has a 52-week low of $28.97 and a 52-week high of $44.73.

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

A number of hedge funds have recently added to or reduced their stakes in HDS. Pinebridge Investments L.P. increased its stake in HD Supply by 170.0% in the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 3,400 shares during the period. Massey Quick Simon & CO. LLC purchased a new stake in HD Supply in the third quarter worth $185,000. Engineers Gate Manager LP purchased a new stake in HD Supply in the second quarter worth $224,000. Commonwealth Equity Services Inc purchased a new stake in HD Supply in the third quarter worth $236,000. Finally, Oakbrook Investments LLC purchased a new stake in HD Supply in the third quarter worth $244,000.

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HD Supply Company Profile

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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