HD Supply (HDS) Lifted to Hold at BidaskClub

HD Supply (NASDAQ:HDS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts have also recently commented on HDS. TheStreet cut shares of HD Supply from a “b” rating to a “c+” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, March 21st. Goldman Sachs restated a “neutral” rating on shares of HD Supply in a research report on Monday, March 19th. Barclays boosted their target price on shares of HD Supply from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, March 14th. Finally, SunTrust Banks upgraded shares of HD Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.01 to $48.00 in a research report on Thursday, March 15th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HD Supply presently has a consensus rating of “Hold” and a consensus target price of $39.71.

Shares of HDS stock opened at $36.95 on Friday. HD Supply has a 12 month low of $28.97 and a 12 month high of $42.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. The firm has a market cap of $6,855.33, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.75 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 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. equities analysts expect that HD Supply will post 3.14 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. OZ Management LP grew its holdings in shares of HD Supply by 36.4% during the 3rd quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after purchasing an additional 1,392,371 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HD Supply by 60.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock valued at $148,182,000 after purchasing an additional 1,541,426 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of HD Supply by 857.8% during the 4th quarter. Two Sigma Investments LP now owns 1,917,393 shares of the industrial products company’s stock valued at $76,753,000 after purchasing an additional 1,717,204 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of HD Supply by 13.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,869,554 shares of the industrial products company’s stock valued at $74,838,000 after purchasing an additional 215,093 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of HD Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,643,325 shares of the industrial products company’s stock valued at $65,743,000 after purchasing an additional 18,725 shares during the last quarter. 96.96% of the stock is currently owned by institutional investors.

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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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