HD Supply (HDS) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for HD Supply (NASDAQ: HDS):

  • 6/12/2019 – HD Supply had its price target lowered by analysts at Wells Fargo & Co from $55.00 to $50.00. They now have an “outperform” rating on the stock.
  • 6/12/2019 – HD Supply had its “buy” rating reaffirmed by analysts at Northcoast Research.
  • 6/3/2019 – HD Supply was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $53.00 price target on the stock.
  • 5/28/2019 – HD Supply was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “
  • 5/22/2019 – HD Supply was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “
  • 5/15/2019 – HD Supply was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/7/2019 – HD Supply was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of NASDAQ:HDS opened at $40.02 on Friday. HD Supply Holdings Inc has a 52-week low of $35.35 and a 52-week high of $47.13. The company has a market capitalization of $6.73 billion, a PE ratio of 11.77, a PEG ratio of 0.73 and a beta of 1.27. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.10.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. Equities research analysts forecast that HD Supply Holdings Inc will post 3.6 EPS for the current year.

In related news, CFO Evan Levitt sold 44,167 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the sale, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc raised its position in HD Supply by 5.1% during the third quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after acquiring an additional 864,941 shares in the last quarter. Janney Montgomery Scott LLC raised its position in HD Supply by 13.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,912 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 2,336 shares in the last quarter. ClariVest Asset Management LLC raised its position in HD Supply by 83.7% during the fourth quarter. ClariVest Asset Management LLC now owns 38,839 shares of the industrial products company’s stock valued at $1,458,000 after acquiring an additional 17,700 shares in the last quarter. NorthCoast Asset Management LLC bought a new position in HD Supply during the fourth quarter valued at approximately $14,139,000. Finally, Canada Pension Plan Investment Board raised its position in HD Supply by 3.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 266,674 shares of the industrial products company’s stock valued at $10,005,000 after acquiring an additional 7,900 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.

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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