TheStreet Lowers HD Supply (HDS) to C+

TheStreet downgraded shares of HD Supply (NASDAQ:HDS) from a b rating to a c+ rating in a research note issued to investors on Wednesday.

HDS has been the topic of several other research reports. Royal Bank of Canada lowered HD Supply from an outperform rating to a sector perform rating in a report on Wednesday, January 3rd. BidaskClub lowered HD Supply from a buy rating to a hold rating in a report on Friday, January 5th. ValuEngine upgraded HD Supply from a hold rating to a buy rating in a report on Tuesday, December 5th. SunTrust Banks upgraded HD Supply from a hold rating to a buy rating and increased their price target for the stock from $38.01 to $48.00 in a report on Thursday, March 15th. Finally, Zacks Investment Research upgraded HD Supply from a hold rating to a buy rating and set a $43.00 price target on the stock in a report on Thursday, December 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $39.71.

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Shares of HDS stock opened at $36.95 on Wednesday. HD Supply has a one year low of $28.97 and a one year high of $42.25. The company has a market capitalization of $7,046.43, a P/E ratio of 7.38, a P/E/G ratio of 0.77 and a beta of 1.31. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.93 and a current ratio of 3.02.

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

Several hedge funds have recently bought and sold shares of HDS. Cerebellum GP LLC bought a new position in shares of HD Supply in the fourth quarter valued at approximately $132,000. Bessemer Group Inc. lifted its holdings 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 purchasing an additional 3,109 shares in the last quarter. American International Group Inc. bought a new position in shares of HD Supply in the fourth quarter valued at approximately $177,000. Cadence Capital Management LLC bought a new position in shares of HD Supply in the fourth quarter valued at approximately $215,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of HD Supply in the fourth quarter valued at approximately $228,000. Institutional investors own 96.96% of the company’s stock.

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About HD Supply

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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