Wells Fargo & Co Lowers HD Supply (NASDAQ:HDS) Price Target to $45.00

HD Supply (NASDAQ:HDS) had its price target decreased by analysts at Wells Fargo & Co from $50.00 to $45.00 in a report issued on Wednesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Wells Fargo & Co‘s price target indicates a potential upside of 13.72% from the stock’s current price.

HDS has been the subject of a number of other reports. ValuEngine raised shares of HD Supply from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird cut shares of HD Supply from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $40.00 in a research report on Wednesday. Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, June 3rd. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. Finally, Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.90.

Shares of NASDAQ:HDS traded up $0.42 during midday trading on Wednesday, reaching $39.57. 36,573 shares of the company’s stock were exchanged, compared to its average volume of 1,483,394. The company’s 50 day simple moving average is $38.92 and its two-hundred day simple moving average is $41.56. The firm has a market capitalization of $6.68 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.61%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. On average, research analysts anticipate that HD Supply will post 3.52 earnings per share for the current year.

In other news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in HD Supply by 7.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,465 shares of the industrial products company’s stock worth $1,388,000 after acquiring an additional 2,262 shares during the last quarter. Boston Partners boosted its stake in HD Supply by 1.5% during the 2nd quarter. Boston Partners now owns 4,104,644 shares of the industrial products company’s stock worth $165,342,000 after acquiring an additional 58,789 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in HD Supply by 1.3% in the second quarter. Treasurer of the State of North Carolina now owns 86,563 shares of the industrial products company’s stock valued at $3,487,000 after buying an additional 1,080 shares in the last quarter. Nomura Holdings Inc. bought a new position in HD Supply in the second quarter valued at approximately $323,000. Finally, BlackRock Inc. lifted its stake in HD Supply by 7.6% in the second quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock valued at $402,369,000 after buying an additional 707,576 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

HD Supply Company Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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