A number of other equities analysts also recently issued reports on the company. Wells Fargo & Co reaffirmed a buy rating on shares of HD Supply in a report on Monday, December 9th. Buckingham Research upped their price target on HD Supply from $39.00 to $40.00 and gave the company a neutral rating in a report on Wednesday, December 11th. ValuEngine raised HD Supply from a sell rating to a hold rating in a report on Tuesday, December 3rd. Royal Bank of Canada lowered their price target on HD Supply from $45.00 to $41.00 and set an in-line rating for the company in a report on Wednesday, December 11th. Finally, Zacks Investment Research downgraded HD Supply from a hold rating to a sell rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. HD Supply presently has a consensus rating of Hold and an average price target of $44.80.
Shares of HD Supply stock traded up $0.58 on Thursday, reaching $41.92. 1,953,543 shares of the company were exchanged, compared to its average volume of 1,321,719. HD Supply has a 1-year low of $36.99 and a 1-year high of $47.13. The company has a market cap of $6.80 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.98 and a quick ratio of 1.10. The stock’s 50 day moving average price is $40.60 and its 200-day moving average price is $39.72.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, December 10th. The industrial products company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. HD Supply had a return on equity of 45.42% and a net margin of 7.51%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts predict that HD Supply will post 3.47 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of HDS. Amundi Pioneer Asset Management Inc. grew its position in HD Supply by 60.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 221,405 shares of the industrial products company’s stock valued at $9,598,000 after buying an additional 83,070 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of HD Supply by 112.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,386 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 3,385 shares during the period. BlackRock Inc. boosted its position in shares of HD Supply by 7.6% in the second 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 during the period. Gateway Investment Advisers LLC bought a new position in shares of HD Supply in the third quarter worth approximately $4,644,000. Finally, DNB Asset Management AS boosted its position in shares of HD Supply by 11.6% in the third quarter. DNB Asset Management AS now owns 40,109 shares of the industrial products company’s stock worth $1,571,000 after purchasing an additional 4,180 shares during the period. Institutional investors own 97.48% of the company’s stock.
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 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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