HD Supply (NASDAQ:HDS) had its price objective reduced by JPMorgan Chase & Co. from $43.00 to $42.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the industrial products company’s stock.
HDS has been the subject of several other research reports. BidaskClub raised HD Supply from a sell rating to a hold rating in a research note on Monday, July 29th. Northcoast Research reaffirmed a buy rating on shares of HD Supply in a research note on Wednesday, June 12th. Barclays downgraded HD Supply from an overweight rating to an equal weight rating and cut their price target for the stock from $44.00 to $42.00 in a research note on Thursday, September 26th. Buckingham Research downgraded HD Supply from a buy rating to a neutral rating in a research note on Wednesday, September 11th. Finally, SunTrust Banks lifted their price target on HD Supply to $50.00 and gave the stock a buy rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $45.82.
Shares of NASDAQ:HDS traded down $0.02 during midday trading on Thursday, hitting $39.04. 783,368 shares of the stock were exchanged, compared to its average volume of 1,626,983. The stock has a market cap of $6.48 billion, a P/E ratio of 11.48, a PEG ratio of 0.65 and a beta of 1.11. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company has a 50 day moving average price of $38.88 and a 200-day moving average price of $40.89.
In related news, Director Lauren Taylor Wolfe acquired 600,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $38.55 per share, for a total transaction of $23,130,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.89% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in HD Supply by 8.1% during the 1st quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after purchasing an additional 1,679,487 shares in the last quarter. BlackRock Inc. increased its position in HD Supply by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock worth $402,369,000 after purchasing an additional 707,576 shares in the last quarter. Fiduciary Management Inc. WI purchased a new stake in HD Supply during the 2nd quarter worth about $264,175,000. Boston Partners increased its position in HD Supply by 1.5% during the 2nd quarter. Boston Partners now owns 4,104,644 shares of the industrial products company’s stock worth $165,342,000 after purchasing an additional 58,789 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in HD Supply by 18.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,417,694 shares of the industrial products company’s stock worth $137,665,000 after purchasing an additional 523,757 shares in the last quarter. Hedge funds and other institutional investors own 98.12% of the company’s stock.
About HD Supply
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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