HD Supply (NASDAQ:HDS) Price Target Cut to $44.00

HD Supply (NASDAQ:HDS) had its price objective decreased by Barclays from $46.00 to $44.00 in a report published on Wednesday, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the industrial products company’s stock.

HDS has been the topic of several other research reports. Bank of America set a $51.00 price target on shares of HD Supply and gave the company a buy rating in a research report on Friday, September 6th. Northcoast Research reissued a buy rating on shares of HD Supply in a research report on Wednesday, June 12th. Zacks Investment Research cut shares of HD Supply from a buy rating to a hold rating in a research report on Tuesday, May 28th. Wells Fargo & Co dropped their target price on shares of HD Supply from $50.00 to $45.00 and set an outperform rating on the stock in a research report on Wednesday. Finally, BidaskClub raised shares of HD Supply from a sell rating to a hold rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $45.90.

NASDAQ HDS traded down $0.20 during trading hours on Wednesday, hitting $39.15. The company’s stock had a trading volume of 1,603,163 shares, compared to its average volume of 1,597,540. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a market capitalization of $6.97 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.69 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. The company’s 50-day simple moving average is $38.92 and its two-hundred 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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts anticipate that HD Supply will post 3.56 EPS for the current fiscal year.

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 shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.89% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of HDS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in HD Supply by 7.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,465 shares of the industrial products company’s stock valued at $1,388,000 after buying an additional 2,262 shares in the last quarter. Boston Partners grew its stake in HD Supply by 1.5% in the 2nd quarter. Boston Partners now owns 4,104,644 shares of the industrial products company’s stock valued at $165,342,000 after buying an additional 58,789 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in HD Supply by 1.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 86,563 shares of the industrial products company’s stock valued at $3,487,000 after buying an additional 1,080 shares in the last quarter. Nomura Holdings Inc. purchased a new position in HD Supply in the 2nd quarter valued at approximately $323,000. Finally, BlackRock Inc. grew its stake in HD Supply by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock valued at $402,369,000 after buying an additional 707,576 shares in the last quarter. Institutional investors own 95.05% 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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