HD Supply (HDS) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research lowered shares of HD Supply (NASDAQ:HDS) from a buy rating to a hold rating in a research report released on Wednesday.

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. “

Other analysts have also recently issued research reports about the stock. Raymond James boosted their price objective on shares of HD Supply from $47.00 to $48.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Northcoast Research raised shares of HD Supply from a neutral rating to a buy rating in a research note on Thursday, August 30th. SunTrust Banks upped their price target on shares of HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. BidaskClub cut shares of HD Supply from a buy rating to a hold rating in a research report on Friday, September 7th. Finally, Jefferies Financial Group initiated coverage on shares of HD Supply in a research report on Friday, October 12th. They set a buy rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. HD Supply presently has a consensus rating of Buy and a consensus target price of $47.67.

Shares of HD Supply stock traded down $0.67 during trading on Wednesday, hitting $38.75. The company’s stock had a trading volume of 1,578,262 shares, compared to its average volume of 1,832,049. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. HD Supply has a 52 week low of $34.02 and a 52 week high of $46.29. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.87 and a beta of 1.44.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. HD Supply’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities analysts anticipate that HD Supply will post 3.31 earnings per share for the current fiscal year.

In other HD Supply news, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $42.37, for a total transaction of $26,321,726.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of HD Supply by 6.3% during the third quarter. Canada Pension Plan Investment Board now owns 258,774 shares of the industrial products company’s stock valued at $11,073,000 after purchasing an additional 15,300 shares during the period. Bank of Hawaii acquired a new position in shares of HD Supply during the third quarter valued at about $451,000. FMR LLC raised its holdings in shares of HD Supply by 10.1% during the third quarter. FMR LLC now owns 17,602,615 shares of the industrial products company’s stock valued at $753,217,000 after purchasing an additional 1,614,823 shares during the period. Martingale Asset Management L P raised its holdings in shares of HD Supply by 15.1% during the third quarter. Martingale Asset Management L P now owns 165,158 shares of the industrial products company’s stock valued at $7,068,000 after purchasing an additional 21,721 shares during the period. Finally, Twin Tree Management LP raised its holdings in shares of HD Supply by 526.7% in the 3rd quarter. Twin Tree Management LP now owns 21,798 shares of the industrial products company’s stock worth $933,000 after acquiring an additional 18,320 shares during the last quarter. Hedge funds and other institutional investors own 95.25% 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

Featured Story: Dollar Cost Averaging

Get a free copy of the Zacks research report on HD Supply (HDS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for HD Supply (NASDAQ:HDS)

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.