HD Supply (NASDAQ:HDS) Given “Hold” Rating at William Blair

HD Supply (NASDAQ:HDS)‘s stock had its “hold” rating reaffirmed by equities research analysts at William Blair in a research report issued to clients and investors on Monday, TipRanks reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group lifted their price target on HD Supply from $31.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Wells Fargo & Co lifted their price target on HD Supply from $30.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Raymond James lowered their price target on HD Supply from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 16th. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, ValuEngine downgraded HD Supply from a “hold” rating to a “sell” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. HD Supply has a consensus rating of “Hold” and an average price target of $40.90.

Shares of NASDAQ HDS opened at $33.66 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.48 and a beta of 1.15. The stock’s fifty day simple moving average is $32.49 and its 200 day simple moving average is $34.93. HD Supply has a 52-week low of $21.69 and a 52-week high of $43.25.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, June 9th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.15. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. HD Supply had a return on equity of 40.62% and a net margin of 6.89%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. As a group, analysts anticipate that HD Supply will post 2.52 earnings per share for the current year.

In related news, Director Lauren Taylor Wolfe purchased 95,957 shares of HD Supply stock in a transaction on Friday, April 3rd. The stock was bought at an average price of $25.76 per share, with a total value of $2,471,852.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jana Partners Llc sold 459,129 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.58, for a total value of $16,335,809.82. The disclosure for this sale can be found here. 1.75% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HDS. WASHINGTON TRUST Co acquired a new position in shares of HD Supply during the 1st quarter worth about $34,000. FDx Advisors Inc. acquired a new position in shares of HD Supply during the 1st quarter worth about $50,000. Squar Milner Financial Services LLC lifted its position in shares of HD Supply by 25.1% during the 1st quarter. Squar Milner Financial Services LLC now owns 2,763 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 554 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of HD Supply by 27.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 511 shares during the last quarter. Finally, Evoke Wealth LLC acquired a new position in shares of HD Supply during the 1st quarter worth about $118,000. 96.50% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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