HD Supply (NASDAQ:HDS) Downgraded to “Neutral” at Robert W. Baird

HD Supply (NASDAQ:HDS) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $40.00 price target on the industrial products company’s stock, down from their prior price target of $50.00. Robert W. Baird’s target price indicates a potential upside of 1.14% from the company’s current price.

Other equities research analysts have also issued reports about the company. Wells Fargo & Co reduced their price target on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday, June 3rd. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Buckingham Research reduced their price target on HD Supply from $50.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. HD Supply currently has a consensus rating of “Buy” and a consensus target price of $45.90.

NASDAQ HDS traded up $0.40 during trading on Wednesday, reaching $39.55. 38,513 shares of the company’s stock were exchanged, compared to its average volume of 1,483,394. The firm has a market capitalization of $6.68 billion, a PE ratio of 11.63, a P/E/G ratio of 0.66 and a beta of 1.11. The company has a current ratio of 2.06, a quick ratio of 1.07 and a debt-to-equity ratio of 1.77. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company’s fifty day simple moving average is $38.92 and its 200-day simple moving average is $41.56.



HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. HD Supply had a return on equity of 44.61% and a net margin of 6.74%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. Equities analysts forecast that HD Supply will post 3.52 EPS for the current fiscal year.

In related news, insider Jana Partners Llc sold 733,657 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total value of $29,903,859.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. FinTrust Capital Advisors LLC increased its position in HD Supply by 36.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after buying an additional 350 shares during the period. Pearl River Capital LLC increased its position in HD Supply by 18.4% in the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after buying an additional 368 shares during the period. YorkBridge Wealth Partners LLC bought a new position in HD Supply in the 2nd quarter worth approximately $124,000. Twin Tree Management LP increased its position in HD Supply by 61.2% in the 1st quarter. Twin Tree Management LP now owns 3,298 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,252 shares during the period. Finally, Signaturefd LLC increased its position in HD Supply by 49.1% in the 1st quarter. Signaturefd LLC now owns 3,797 shares of the industrial products company’s stock worth $165,000 after buying an additional 1,250 shares during the period. 95.05% of the stock is currently owned by institutional investors and hedge funds.

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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