HD Supply (NASDAQ:HDS) – William Blair increased their FY2019 earnings per share estimates for HD Supply in a research note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings per share of $3.22 for the year, up from their prior forecast of $2.87. William Blair also issued estimates for HD Supply’s Q4 2019 earnings at $0.68 EPS and FY2020 earnings at $3.41 EPS.
HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS.
HDS has been the subject of a number of other reports. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Barclays began coverage on HD Supply in a research note on Thursday, February 15th. They set an “overweight” rating and a $44.00 target price for the company. Deutsche Bank set a $45.00 target price on HD Supply and gave the stock a “buy” rating in a research note on Friday. BidaskClub raised HD Supply from a “strong sell” rating to a “sell” rating in a research note on Friday, March 16th. Finally, Goldman Sachs reissued a “neutral” rating on shares of HD Supply in a research note on Monday, March 19th. Eleven equities research 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 “Hold” and an average price target of $40.57.
Shares of HDS stock traded down $0.70 during trading hours on Thursday, reaching $38.05. 1,574,844 shares of the company’s stock were exchanged, compared to its average volume of 2,068,946. The company has a market cap of $7,059.72, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25. HD Supply has a 1 year low of $28.97 and a 1 year high of $42.25. The company has a current ratio of 3.02, a quick ratio of 1.93 and a debt-to-equity ratio of 1.43.
A number of large investors have recently made changes to their positions in HDS. Aperio Group LLC grew its holdings in HD Supply by 16.5% during the 3rd quarter. Aperio Group LLC now owns 41,016 shares of the industrial products company’s stock valued at $1,479,000 after buying an additional 5,810 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in HD Supply by 112.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,637 shares of the industrial products company’s stock valued at $1,177,000 after buying an additional 17,282 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in HD Supply during the 3rd quarter valued at $445,000. Prudential Financial Inc. grew its holdings in HD Supply by 1,578.7% during the 3rd quarter. Prudential Financial Inc. now owns 227,583 shares of the industrial products company’s stock valued at $8,209,000 after buying an additional 214,026 shares during the last quarter. Finally, Swiss National Bank grew its holdings in HD Supply by 0.8% during the 3rd quarter. Swiss National Bank now owns 741,700 shares of the industrial products company’s stock valued at $26,753,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 96.96% of the company’s stock.
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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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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