ValuEngine Lowers HD Supply (NASDAQ:HDS) to Sell

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

HDS has been the subject of several other research reports. Wells Fargo & Co decreased their target price on shares of HD Supply from $55.00 to $50.00 and set an outperform rating for the company in a research report on Wednesday, June 12th. BidaskClub upgraded shares of HD Supply from a sell rating to a hold rating in a research report on Monday, July 29th. Zacks Investment Research cut shares of HD Supply from a buy rating to a hold rating in a research report on Tuesday, May 28th. Longbow Research upgraded 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 report on Monday, June 3rd. Finally, Northcoast Research reaffirmed a buy rating on shares of HD Supply in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $47.50.

Shares of NASDAQ:HDS traded down $0.69 during trading on Thursday, reaching $38.50. 33,478 shares of the company’s stock traded hands, compared to its average volume of 1,535,947. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The company’s 50 day moving average is $39.94. The stock has a market cap of $6.60 billion, a PE ratio of 11.32, a P/E/G ratio of 0.66 and a beta of 1.13.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. HD Supply’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts anticipate that HD Supply will post 3.59 EPS for the current year.

In other news, insider Jana Partners Llc sold 733,657 shares of the stock in a transaction on 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HDS. Investors Research Corp acquired a new position in shares of HD Supply during the 1st quarter worth $30,000. Quadrant Capital Group LLC increased its stake in shares of HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,068 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 350 shares during the last quarter. Pearl River Capital LLC increased its stake in shares of HD Supply by 781.1% during the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 1,773 shares during the last quarter. Finally, Truewealth LLC boosted its holdings in shares of HD Supply by 94.3% during the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock worth $107,000 after buying an additional 1,200 shares during the period. Institutional investors own 94.68% of the company’s stock.

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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