Jefferies Financial Group started coverage on shares of HD Supply (NASDAQ:HDS) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $48.00 target price on the industrial products company’s stock.
HDS has been the topic of several other research reports. Bank of America lifted their price objective on shares of HD Supply from $46.00 to $50.00 and gave the stock a buy rating in a research note on Tuesday, June 26th. BidaskClub cut shares of HD Supply from a buy rating to a hold rating in a research note on Friday, September 7th. Northcoast Research raised shares of HD Supply from a neutral rating to a buy rating in a research note on Thursday, August 30th. ValuEngine downgraded shares of HD Supply from a buy rating to a hold rating in a research report on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of HD Supply from a buy rating to a hold rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. HD Supply has a consensus rating of Buy and a consensus price target of $48.00.
HD Supply stock traded up $0.93 during trading hours on Friday, hitting $38.96. 1,825,899 shares of the company traded hands, compared to its average volume of 1,828,313. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.82 and a beta of 1.29. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 1.30. HD Supply has a 1-year low of $34.02 and a 1-year high of $46.29.
HD Supply (NASDAQ:HDS) last released its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. HD Supply’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. Research analysts expect that HD Supply will post 3.3 earnings per share for the current fiscal year.
In other news, insider John Stegeman sold 57,200 shares of HD Supply stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $45.00, for a total value of $2,574,000.00. Following the transaction, the insider now directly owns 95,652 shares of the company’s stock, valued at $4,304,340. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Llc sold 621,235 shares of HD Supply stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $42.37, for a total transaction of $26,321,726.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,539,934 shares of company stock worth $66,276,169. 0.72% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of HDS. Chicago Equity Partners LLC increased its holdings in HD Supply by 33.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 101,935 shares of the industrial products company’s stock valued at $4,372,000 after buying an additional 25,715 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in HD Supply in the 2nd quarter valued at $10,268,000. Bank of America Corp DE increased its holdings in HD Supply by 67.0% in the 2nd quarter. Bank of America Corp DE now owns 980,828 shares of the industrial products company’s stock valued at $42,068,000 after buying an additional 393,333 shares during the period. Paloma Partners Management Co increased its holdings in HD Supply by 299.0% in the 2nd quarter. Paloma Partners Management Co now owns 55,500 shares of the industrial products company’s stock valued at $2,380,000 after buying an additional 41,590 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in HD Supply in the 2nd quarter valued at $9,791,000. Institutional investors and hedge funds own 94.84% 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, 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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