HD Supply (NASDAQ:HDS) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of HD Supply (NASDAQ:HDS) from a sell rating to a hold rating in a research note published on Tuesday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of HD Supply from $43.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Co boosted their price target on shares of HD Supply from $45.00 to $48.00 and gave the stock an outperform rating in a report on Wednesday, September 25th. Royal Bank of Canada reduced their price objective on shares of HD Supply to $38.00 and set a sector perform rating for the company in a research report on Wednesday, September 11th. Barclays downgraded shares of HD Supply from an overweight rating to an equal weight rating and decreased their price objective for the company from $44.00 to $42.00 in a report on Thursday, September 26th. Finally, Robert W. Baird lowered shares of HD Supply from an outperform rating to a neutral rating and dropped their target price for the company from $50.00 to $40.00 in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $45.82.

Shares of HD Supply stock opened at $39.19 on Tuesday. The firm has a 50-day simple moving average of $40.12 and a two-hundred day simple moving average of $39.84. The company has a market cap of $6.61 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.58 and a beta of 1.10. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.05.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts forecast that HD Supply will post 3.5 EPS for the current year.

In other news, Director Lauren Taylor Wolfe acquired 600,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were bought at an average price of $38.55 per share, for a total transaction of $23,130,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squar Milner Financial Services LLC increased its stake in shares of HD Supply by 309.7% in the 3rd quarter. Squar Milner Financial Services LLC now owns 721 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 545 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of HD Supply in the third quarter valued at about $78,000. Pearl River Capital LLC increased its position in HD Supply by 18.4% during the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 368 shares during the last quarter. Usca Ria LLC acquired a new stake in HD Supply during the third quarter worth about $129,000. Finally, Meeder Asset Management Inc. raised its stake in HD Supply by 18.7% during the second quarter. Meeder Asset Management Inc. now owns 4,284 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 674 shares during the period. 94.82% of the stock is owned by institutional investors.

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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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