HD Supply (NASDAQ:HDS) Issues Earnings Results, Hits Expectations

HD Supply (NASDAQ:HDS) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08, Morningstar.com reports. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year.

Shares of HD Supply stock opened at $39.10 on Wednesday. HD Supply has a 1-year low of $35.35 and a 1-year high of $47.13. The company has a market capitalization of $6.97 billion, a PE ratio of 11.50, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. The business has a 50-day moving average of $38.92 and a 200-day moving average of $41.58.

Several research firms recently issued reports on HDS. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $45.00 price objective (down from $50.00) on shares of HD Supply in a research report on Wednesday. Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Buckingham Research downgraded shares of HD Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, June 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. HD Supply currently has a consensus rating of “Buy” and an average price target of $46.90.



In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HDS. Fiduciary Management Inc. WI acquired a new position in HD Supply in the second quarter worth $264,175,000. Congress Asset Management Co. MA acquired a new position in shares of HD Supply in the 2nd quarter valued at about $74,018,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of HD Supply by 22,502.6% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,710,114 shares of the industrial products company’s stock valued at $305,000 after buying an additional 1,702,548 shares during the period. FMR LLC grew 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 valued at $976,501,000 after buying an additional 1,679,487 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of HD Supply during the 2nd quarter valued at about $34,301,000. 95.05% of the stock is owned by institutional investors.

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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Earnings History for HD Supply (NASDAQ:HDS)

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