BidaskClub Lowers HD Supply (HDS) to Hold

HD Supply (NASDAQ:HDS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other brokerages have also issued reports on HDS. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. SunTrust Banks reaffirmed a “hold” rating and issued a $42.00 target price on shares of HD Supply in a research report on Thursday, December 7th. Wells Fargo & Company upped their target price on HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 target price on shares of HD Supply in a research report on Monday, October 9th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.85.

HD Supply (NASDAQ HDS) opened at $38.68 on Wednesday. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $44.73. The firm has a market capitalization of $7,128.19, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.83 EPS. HD Supply’s quarterly revenue was up 7.5% on a year-over-year basis. equities analysts forecast that HD Supply will post 2.35 earnings per share for the current year.

HD Supply announced that its board has initiated a stock buyback plan on Tuesday, August 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Hedge funds have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC acquired a new stake in shares of HD Supply during the 3rd quarter valued at approximately $185,000. Pinebridge Investments L.P. raised its position in shares of HD Supply by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 3,400 shares in the last quarter. Global X Management Co. LLC increased its position in HD Supply by 220.9% in the second quarter. Global X Management Co. LLC now owns 6,385 shares of the industrial products company’s stock worth $196,000 after buying an additional 4,395 shares during the period. Commonwealth Equity Services Inc acquired a new stake in HD Supply in the third quarter worth $236,000. Finally, Oakbrook Investments LLC acquired a new stake in HD Supply in the third quarter worth $244,000.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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