HD Supply (NASDAQ:HDS) released its quarterly earnings results on Tuesday. The industrial products company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03, Briefing.com reports. HD Supply had a net margin of 5.07% and a return on equity of 38.09%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year.
Shares of NASDAQ:HDS opened at $41.45 on Wednesday. HD Supply has a 52 week low of $35.35 and a 52 week high of $46.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.11 and a current ratio of 2.05. The firm has a market capitalization of $7.68 billion, a PE ratio of 17.94, a PEG ratio of 0.84 and a beta of 1.25.
In other news, Director Jana Partners Llc sold 1,567,262 shares of the business’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $37.85, for a total value of $59,320,866.70. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 3,251,545 shares of company stock worth $123,065,335 in the last 90 days. 0.72% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on HDS. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Raymond James decreased their price target on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. Barclays decreased their price target on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Buckingham Research initiated coverage on shares of HD Supply in a research note on Thursday, December 20th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Robert W. Baird upgraded shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price target on the stock in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $46.36.
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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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