HD Supply (NASDAQ:HDS) Shares Gap Up on Analyst Upgrade

HD Supply Holdings Inc (NASDAQ:HDS)’s stock price gapped up before the market opened on Wednesday after SunTrust Banks raised their price target on the stock to $50.00. The stock had previously closed at $36.09, but opened at $37.92. SunTrust Banks currently has a buy rating on the stock. HD Supply shares last traded at $39.24, with a volume of 3,845,234 shares trading hands.

A number of other analysts have also weighed in on the company. Bank of America set a $51.00 price objective on HD Supply and gave the company a “buy” rating in a research note on Friday, September 6th. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Barclays dropped their price objective on HD Supply from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Northcoast Research reissued a “buy” rating on shares of HD Supply in a research note on Wednesday, June 12th. Finally, ValuEngine raised HD Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. HD Supply currently has a consensus rating of “Buy” and a consensus price target of $46.55.

In related news, insider Jana Partners Llc sold 733,657 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.



A number of hedge funds have recently made changes to their positions in the stock. Eqis Capital Management Inc. lifted its position in HD Supply by 4.8% during the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock valued at $280,000 after buying an additional 318 shares during the period. FinTrust Capital Advisors LLC lifted its position in HD Supply by 36.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after buying an additional 350 shares during the period. Pearl River Capital LLC lifted its position in HD Supply by 18.4% during the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after buying an additional 368 shares during the period. Oppenheimer & Co. Inc. lifted its position in HD Supply by 4.7% during the second quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock valued at $379,000 after buying an additional 424 shares during the period. Finally, Comerica Bank lifted its position in HD Supply by 7.3% during the second quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock valued at $280,000 after buying an additional 477 shares during the period. 97.93% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10. The firm has a market cap of $6.48 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. The firm has a 50-day simple moving average of $38.68 and a 200 day simple moving average of $41.30.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, meeting the 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 44.51% and a net margin of 6.74%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. Sell-side analysts forecast that HD Supply Holdings Inc will post 3.52 earnings per share for the current fiscal year.

HD Supply Company Profile (NASDAQ:HDS)

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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