Royal Bank of Canada downgraded shares of HD Supply (NASDAQ:HDS) from an outperform rating to a sector perform rating in a research note released on Wednesday, January 3rd, Marketbeat.com reports.
Several other research firms have also weighed in on HDS. BidaskClub upgraded shares of HD Supply from a hold rating to a buy rating in a research note on Tuesday, December 26th. Zacks Investment Research lowered shares of HD Supply from a buy rating to a hold rating in a research note on Friday, December 8th. ValuEngine upgraded shares of HD Supply from a hold rating to a buy rating in a research note on Tuesday, December 5th. SunTrust Banks reiterated a hold rating and set a $42.00 target price on shares of HD Supply in a research note on Thursday, December 7th. Finally, Wells Fargo & Co boosted their target price on shares of HD Supply from $40.00 to $42.00 and gave the company an outperform rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. HD Supply has a consensus rating of Hold and a consensus price target of $38.85.
Shares of HD Supply (NASDAQ HDS) traded up $0.46 during trading hours on Wednesday, hitting $38.96. 2,280,200 shares of the company were exchanged, compared to its average volume of 2,809,887. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $7,280.00, a price-to-earnings ratio of 32.47, a PEG ratio of 0.87 and a beta of 1.40. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $44.73.
HD Supply (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. analysts forecast that HD Supply will post 2.27 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. American National Bank lifted its holdings in HD Supply by 15.9% in the fourth quarter. American National Bank now owns 70,411 shares of the industrial products company’s stock worth $2,819,000 after purchasing an additional 9,659 shares during the period. DnB Asset Management AS lifted its holdings in HD Supply by 28.6% in the fourth quarter. DnB Asset Management AS now owns 53,060 shares of the industrial products company’s stock worth $2,124,000 after purchasing an additional 11,800 shares during the period. Aurora Investment Counsel acquired a new stake in HD Supply in the fourth quarter worth about $1,973,000. California Public Employees Retirement System raised its position in HD Supply by 4.8% in the third quarter. California Public Employees Retirement System now owns 445,211 shares of the industrial products company’s stock worth $16,059,000 after acquiring an additional 20,211 shares in the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in HD Supply in the third quarter worth about $12,625,000.
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About HD Supply
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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