HD Supply (HDS) Stock Rating Lowered by BidaskClub

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HD Supply (NASDAQ:HDS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities analysts also recently commented on HDS. Buckingham Research began coverage on shares of HD Supply in a research note on Thursday, December 20th. They issued a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Raymond James decreased their price target on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. Robert W. Baird upgraded shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price target on the stock in a research note on Friday, January 25th. Finally, Barclays decreased their price target on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.60.

Shares of HDS opened at $43.40 on Wednesday. The stock has a market capitalization of $7.73 billion, a PE ratio of 18.79, a P/E/G ratio of 0.85 and a beta of 1.25. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $46.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.11 and a current ratio of 2.05.

In other HD Supply news, Director Jana Partners Llc sold 588,300 shares of the stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $37.71, for a total transaction of $22,184,793.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 3,251,545 shares of company stock worth $123,065,335 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Ledyard National Bank bought a new position in shares of HD Supply in the fourth quarter worth about $28,000. Penserra Capital Management LLC lifted its holdings in shares of HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of HD Supply by 46.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 309 shares during the last quarter. Taylor Hoffman Wealth Management bought a new position in shares of HD Supply in the fourth quarter worth about $37,000. Finally, Truewealth LLC lifted its holdings in shares of HD Supply by 55.1% in the fourth quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 452 shares during the last quarter. 93.36% of the stock is owned by hedge funds and other 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, 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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