HD Supply (NASDAQ:HDS) Rating Reiterated by William Blair

HD Supply (NASDAQ:HDS)‘s stock had its “hold” rating reissued by analysts at William Blair in a note issued to investors on Monday, TipRanks reports.

Several other analysts also recently issued reports on HDS. Zacks Investment Research upgraded HD Supply from a “sell” rating to a “hold” rating in a research report on Friday, June 12th. Longbow Research downgraded HD Supply from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 1st. ValuEngine downgraded HD Supply from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Bank of America downgraded HD Supply from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Co increased their target price on HD Supply from $30.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. HD Supply presently has a consensus rating of “Hold” and a consensus target price of $40.90.

HD Supply stock opened at $33.66 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.11 and a current ratio of 2.11. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.15. HD Supply has a fifty-two week low of $21.69 and a fifty-two week high of $43.25. The stock’s fifty day moving average is $32.49 and its two-hundred day moving average is $34.93.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 9th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.15. HD Supply had a return on equity of 40.62% and a net margin of 6.89%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that HD Supply will post 2.52 EPS for the current fiscal year.

In other news, insider Jana Partners Llc sold 459,129 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.58, for a total value of $16,335,809.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Taylor Wolfe acquired 95,957 shares of the business’s stock in a transaction dated Friday, April 3rd. The stock was purchased at an average price of $25.76 per share, for a total transaction of $2,471,852.32. The disclosure for this purchase can be found here. Company insiders own 1.75% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. WASHINGTON TRUST Co acquired a new stake in shares of HD Supply in the first quarter valued at about $34,000. FDx Advisors Inc. acquired a new stake in shares of HD Supply in the first quarter valued at about $50,000. Squar Milner Financial Services LLC grew its stake in shares of HD Supply by 25.1% in the first quarter. Squar Milner Financial Services LLC now owns 2,763 shares of the industrial products company’s stock valued at $78,000 after buying an additional 554 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of HD Supply by 27.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock valued at $94,000 after buying an additional 511 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new stake in shares of HD Supply in the first quarter valued at about $118,000. Institutional investors own 96.50% 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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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