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.
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.
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