HD Supply (HDS) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of HD Supply (NASDAQ:HDS) from a hold rating to a buy rating in a report published on Wednesday morning. The firm currently has $43.00 price objective on the industrial products company’s stock.

According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “

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A number of other brokerages have also weighed in on HDS. Royal Bank of Canada lowered shares of HD Supply from an outperform rating to a sector perform rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of HD Supply from a hold rating to a buy rating in a research report on Tuesday, December 26th. Goldman Sachs restated a neutral rating on shares of HD Supply in a research report on Monday, March 19th. ValuEngine upgraded shares of HD Supply from a hold rating to a buy rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks reiterated a hold rating and set a $42.00 price objective on shares of HD Supply in a research report on Thursday, December 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $39.71.

HDS stock opened at $36.95 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93. HD Supply has a 12-month low of $28.97 and a 12-month high of $42.25. The firm has a market cap of $7,046.43, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. HD Supply’s revenue for the quarter was up 9.0% on a year-over-year basis. sell-side analysts anticipate that HD Supply will post 3.14 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in HDS. Cerebellum GP LLC bought a new position in HD Supply during the fourth quarter valued at $132,000. Bessemer Group Inc. raised its stake in shares of HD Supply by 849.5% in the fourth quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 3,109 shares during the period. American International Group Inc. purchased a new stake in shares of HD Supply in the fourth quarter valued at $177,000. Cadence Capital Management LLC purchased a new stake in shares of HD Supply in the fourth quarter valued at $215,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of HD Supply in the fourth quarter valued at $228,000. Institutional investors and hedge funds own 96.96% of the company’s stock.

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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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