HD Supply (NASDAQ:HDS) Trading 7.2% Higher

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HD Supply Holdings Inc (NASDAQ:HDS)’s stock price traded up 7.2% during trading on Wednesday . The company traded as high as $28.28 and last traded at $28.71, 140,043 shares traded hands during trading. A decline of 93% from the average session volume of 2,079,408 shares. The stock had previously closed at $26.77.

A number of brokerages recently weighed in on HDS. Zacks Investment Research downgraded shares of HD Supply from a “hold” rating to a “sell” rating in a research report on Tuesday, March 17th. BidaskClub downgraded shares of HD Supply from a “hold” rating to a “sell” rating in a research report on Thursday, March 19th. Wells Fargo & Co lowered their price objective on shares of HD Supply from $48.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Royal Bank of Canada lowered their price objective on shares of HD Supply from $37.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 18th. Finally, Raymond James lowered their price objective on shares of HD Supply from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, March 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.64.

The company has a debt-to-equity ratio of 1.79, a current ratio of 2.04 and a quick ratio of 1.10. The firm has a market capitalization of $4.65 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.47 and a beta of 1.09. The company’s 50-day simple moving average is $36.78 and its two-hundred day simple moving average is $39.10.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, March 17th. The industrial products company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. HD Supply had a net margin of 7.35% and a return on equity of 43.45%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $0.70 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts predict that HD Supply Holdings Inc will post 2.86 earnings per share for the current year.

In other HD Supply news, Director Lauren Taylor Wolfe purchased 41,129 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $23.59 per share, for a total transaction of $970,233.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of HD Supply by 9.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,922 shares of the industrial products company’s stock worth $157,000 after buying an additional 334 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of HD Supply by 1.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,291 shares of the industrial products company’s stock worth $1,339,000 after buying an additional 385 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of HD Supply by 27.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock worth $94,000 after buying an additional 511 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of HD Supply by 3.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,609 shares of the industrial products company’s stock worth $628,000 after buying an additional 587 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of HD Supply by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,929 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

HD Supply Company Profile (NASDAQ:HDS)

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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