HD Supply (NASDAQ:HDS)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs in a research report issued to clients and investors on Monday.
Several other brokerages have also recently issued reports on HDS. Royal Bank of Canada cut HD Supply from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 3rd. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $42.00 target price on shares of HD Supply in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.71.
Shares of HD Supply stock opened at $38.65 on Monday. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $42.25. The firm has a market capitalization of $7,272.39, a P/E ratio of 7.71, a PEG ratio of 0.63 and a beta of 1.31. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. HD Supply’s revenue was up 9.0% compared to the same quarter last year. research analysts anticipate that HD Supply will post 3.1 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of HD Supply by 112.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,637 shares of the industrial products company’s stock valued at $1,177,000 after purchasing an additional 17,282 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of HD Supply by 1,578.7% during the 3rd quarter. Prudential Financial Inc. now owns 227,583 shares of the industrial products company’s stock valued at $8,209,000 after purchasing an additional 214,026 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of HD Supply by 25.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,989 shares of the industrial products company’s stock valued at $288,000 after purchasing an additional 1,604 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of HD Supply during the 3rd quarter valued at $245,000. Finally, Toronto Dominion Bank lifted its holdings in shares of HD Supply by 62.4% during the 3rd quarter. Toronto Dominion Bank now owns 15,768 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 6,059 shares during the last quarter. 96.96% of the stock is currently owned by institutional investors and hedge funds.
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About HD Supply
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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