HD Supply (NASDAQ:HDS) Stock Rating Lowered by BidaskClub

HD Supply (NASDAQ:HDS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday, July 26th.

Several other equities analysts have also recently issued reports on HDS. Deutsche Bank set a $45.00 price objective on HD Supply and gave the stock a “buy” rating in a report on Friday, April 6th. ValuEngine cut HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Wells Fargo & Co set a $50.00 price objective on HD Supply and gave the company a “buy” rating in a research report on Wednesday, June 6th. Finally, Robert W. Baird lifted their price objective on HD Supply from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.55.

Shares of HD Supply opened at $43.79 on Thursday, MarketBeat reports. HD Supply has a twelve month low of $29.91 and a twelve month high of $45.24. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.40.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, June 5th. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. HD Supply had a return on equity of 35.61% and a net margin of 18.40%. The company’s revenue was down 25.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. equities analysts expect that HD Supply will post 3.25 EPS for the current year.

In other HD Supply news, CFO Evan Levitt sold 23,554 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $42.60, for a total transaction of $1,003,400.40. Following the sale, the chief financial officer now owns 27,898 shares in the company, valued at $1,188,454.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Stegeman sold 57,200 shares of the company’s 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 sale, the insider now owns 95,652 shares in the company, valued at approximately $4,304,340. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,268,705 shares of company stock worth $98,756,483. Insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. United Services Automobile Association grew its holdings in shares of HD Supply by 196.6% during the second quarter. United Services Automobile Association now owns 96,920 shares of the industrial products company’s stock valued at $13,053,000 after purchasing an additional 64,245 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of HD Supply during the second quarter valued at approximately $907,000. Aviance Capital Management LLC grew its holdings in shares of HD Supply by 53.4% during the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 1,401 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of HD Supply by 430.0% during the second quarter. NumerixS Investment Technologies Inc now owns 10,600 shares of the industrial products company’s stock valued at $457,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in shares of HD Supply during the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 96.34% 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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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