HD Supply (NASDAQ:HDS) released its quarterly earnings results on Tuesday. The industrial products company reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08, Morningstar.com reports. HD Supply had a return on equity of 44.61% and a net margin of 6.74%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year.
HDS opened at $39.15 on Friday. HD Supply has a one year low of $35.35 and a one year high of $47.13. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06. The stock’s fifty day moving average is $38.92 and its 200-day moving average is $41.56. The company has a market capitalization of $6.68 billion, a PE ratio of 11.51, a P/E/G ratio of 0.66 and a beta of 1.11.
HDS has been the subject of several research analyst reports. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. Wells Fargo & Co dropped their price target on HD Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday. Robert W. Baird lowered HD Supply from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $40.00 in a research note on Wednesday. Royal Bank of Canada decreased their price target on HD Supply to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Buckingham Research downgraded HD Supply from a “buy” rating to a “neutral” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HD Supply has a consensus rating of “Buy” and a consensus target price of $45.90.
In other news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total value of $29,903,859.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in shares of HD Supply by 6.8% during the second quarter. Janney Montgomery Scott LLC now owns 21,084 shares of the industrial products company’s stock valued at $849,000 after buying an additional 1,334 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in HD Supply by 15.5% in the first quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock valued at $206,345,000 after purchasing an additional 639,764 shares in the last quarter. Cerebellum GP LLC grew its stake in HD Supply by 11.7% in the first quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 816 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in HD Supply by 10.6% in the second quarter. Pinnacle Associates Ltd. now owns 24,621 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of HD Supply by 44.6% during the 2nd quarter. Janus Henderson Group PLC now owns 44,554 shares of the industrial products company’s stock worth $1,795,000 after purchasing an additional 13,742 shares during the last quarter. 95.05% of the stock is currently owned by institutional investors.
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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