SunTrust Banks upgraded shares of HD Supply (NASDAQ:HDS) from a hold rating to a buy rating in a research report released on Thursday, March 15th, Marketbeat reports. SunTrust Banks currently has $48.00 price target on the industrial products company’s stock, up from their previous price target of $38.01. SunTrust Banks also issued estimates for HD Supply’s Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $3.13 EPS.
HDS has been the subject of a number of other research reports. Zacks Investment Research downgraded HD Supply from a buy rating to a hold rating in a research note on Friday, December 8th. BidaskClub upgraded HD Supply from a hold rating to a buy rating in a research note on Thursday, December 7th. Barclays started coverage on HD Supply in a research note on Thursday, February 15th. They issued an overweight rating and a $44.00 target price on the stock. Finally, ValuEngine upgraded HD Supply from a hold rating to a buy rating in a research note on Wednesday, March 14th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $40.57.
NASDAQ:HDS traded down $0.70 during trading hours on Thursday, hitting $38.05. 1,574,844 shares of the company were exchanged, compared to its average volume of 2,068,946. HD Supply has a one year low of $28.97 and a one year high of $42.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. The firm has a market cap of $7,059.72, a P/E ratio of 16.47, a P/E/G ratio of 0.77 and a beta of 1.25.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts expect that HD Supply will post 3.16 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new stake in HD Supply during the 4th quarter valued at $132,000. Bessemer Group Inc. raised its holdings in HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 3,109 shares during the period. American International Group Inc. bought a new stake in HD Supply during the 4th quarter valued at $177,000. Cadence Capital Management LLC bought a new position in shares of HD Supply in the fourth quarter worth $215,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of HD Supply in the fourth quarter worth $228,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
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HD Supply Company Profile
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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