Wells Fargo & Co Trims HD Supply (NASDAQ:HDS) Target Price to $50.00

HD Supply (NASDAQ:HDS) had its price target trimmed by Wells Fargo & Co from $55.00 to $50.00 in a report issued on Wednesday, The Fly reports. The firm currently has an outperform rating on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on the company. Longbow Research raised HD Supply from a neutral rating to a buy rating and set a $53.00 target price for the company in a research report on Monday, June 3rd. BidaskClub raised HD Supply from a hold rating to a buy rating in a research report on Thursday, March 7th. Royal Bank of Canada upped their target price on HD Supply from $43.00 to $44.00 and gave the stock a sector perform rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded HD Supply from a hold rating to a sell rating in a research report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $47.54.

Shares of NASDAQ HDS opened at $39.51 on Wednesday. HD Supply has a 1-year low of $35.35 and a 1-year high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $6.75 billion, a PE ratio of 11.62, a P/E/G ratio of 0.67 and a beta of 1.27.



HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that HD Supply will post 3.6 EPS for the current fiscal year.

In related news, CFO Evan Levitt sold 1,500 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $44.70, for a total value of $67,050.00. Following the completion of the transaction, the chief financial officer now owns 35,961 shares of the company’s stock, valued at $1,607,456.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC lifted its holdings in HD Supply by 11.7% during the 1st quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock worth $338,000 after buying an additional 816 shares during the last quarter. Nordea Investment Management AB raised its position in shares of HD Supply by 59.8% during the 1st quarter. Nordea Investment Management AB now owns 558,684 shares of the industrial products company’s stock worth $24,221,000 after purchasing an additional 209,160 shares during the period. FMR LLC raised its position in shares of HD Supply by 8.1% during the 1st quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after purchasing an additional 1,679,487 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of HD Supply by 3.2% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 7,566 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 237 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of HD Supply by 20.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,001 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 502 shares during the period. 95.12% of the stock is owned by hedge funds and other institutional investors.

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 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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