HD Supply (NASDAQ:HDS) Downgraded by Buckingham Research

Buckingham Research cut shares of HD Supply (NASDAQ:HDS) from a buy rating to a neutral rating in a research note released on Wednesday, BenzingaRatingsTable reports.

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of HD Supply from a sell rating to a hold rating in a report on Monday, July 29th. Longbow Research raised shares of HD Supply from a neutral rating to a buy rating and set a $53.00 target price for the company in a research note on Monday, June 3rd. Wells Fargo & Co dropped their target price on shares of HD Supply from $50.00 to $45.00 and set an outperform rating for the company in a research note on Wednesday. Robert W. Baird downgraded shares of HD Supply from an outperform rating to a neutral rating and dropped their target price for the stock from $50.00 to $40.00 in a research note on Wednesday. Finally, ValuEngine raised shares of HD Supply from a sell rating to a hold rating in a research note on Wednesday, September 4th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HD Supply currently has a consensus rating of Buy and a consensus price target of $45.90.

HDS stock traded up $0.35 during trading on Wednesday, hitting $39.50. 2,182,808 shares of the stock traded hands, compared to its average volume of 1,562,850. HD Supply has a one year low of $35.35 and a one year high of $47.13. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.68 and a beta of 1.11. The company has a 50 day simple moving average of $38.91 and a 200 day simple moving average of $41.53. The company has a current ratio of 2.05, a quick ratio of 1.07 and a debt-to-equity ratio of 1.66.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that HD Supply will post 3.52 earnings per share for the current fiscal year.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total value of $29,903,859.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in shares of HD Supply by 4.8% during the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock worth $280,000 after buying an additional 318 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of HD Supply by 36.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after buying an additional 350 shares during the last quarter. Pearl River Capital LLC raised its stake in shares of HD Supply by 18.4% during the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after buying an additional 368 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of HD Supply by 4.7% during the second quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock worth $379,000 after buying an additional 424 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of HD Supply by 7.3% during the second quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock worth $280,000 after buying an additional 477 shares during the last quarter. 95.05% of the stock is owned by institutional investors and hedge funds.

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 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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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