HD Supply (NASDAQ:HDS) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of HD Supply (NASDAQ:HDS) from a hold rating to a sell rating in a report released on Thursday morning, ValuEngine reports.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Co dropped their price target on shares of HD Supply from $55.00 to $50.00 and set an outperform rating for the company in a research note on Wednesday, June 12th. Zacks Investment Research cut shares of HD Supply from a buy rating to a hold rating in a research note on Tuesday, May 28th. Northcoast Research reaffirmed a buy rating on shares of HD Supply in a research note on Wednesday, June 12th. Longbow Research raised shares of HD Supply from a neutral rating to a buy rating and set a $53.00 price target for the company in a research note on Monday, June 3rd. Finally, Buckingham Research dropped their price target on shares of HD Supply from $50.00 to $46.00 and set a buy rating for the company in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $47.50.

Shares of NASDAQ:HDS traded up $0.04 on Thursday, reaching $39.19. The company’s stock had a trading volume of 1,322,809 shares, compared to its average volume of 1,453,695. HD Supply has a 52-week low of $35.35 and a 52-week high of $47.13. The company has a market cap of $6.92 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.68 and a beta of 1.13. The business has a 50-day moving average price of $39.94. The company has a current ratio of 2.06, a quick ratio of 1.07 and a debt-to-equity ratio of 1.77.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $0.70 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that HD Supply will post 3.59 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HDS. Investors Research Corp bought a new stake in HD Supply during the 1st quarter valued at about $30,000. Quadrant Capital Group LLC raised its holdings in shares of HD Supply by 610.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,068 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of HD Supply by 36.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 350 shares in the last quarter. Pearl River Capital LLC raised its holdings in shares of HD Supply by 781.1% in the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Truewealth LLC raised its holdings in shares of HD Supply by 94.3% in the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

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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