HD Supply (NASDAQ:HDS) had its price target increased by equities research analysts at Raymond James from $47.00 to $48.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Raymond James’ target price suggests a potential upside of 12.83% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of HD Supply from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, June 7th. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research report 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. Finally, ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.90.
Shares of HDS opened at $42.54 on Thursday. HD Supply has a fifty-two week low of $32.23 and a fifty-two week high of $46.29. The company has a market capitalization of $8.12 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.15 and a quick ratio of 1.16.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings results 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 37.21%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. equities analysts expect that HD Supply will post 3.28 EPS for the current year.
In related news, Director Jana Partners Llc sold 636,023 shares of the stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $43.93, for a total transaction of $27,940,490.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Stegeman sold 57,200 shares of the stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the sale, the insider now directly owns 95,652 shares of the company’s stock, valued at approximately $4,304,340. The disclosure for this sale can be found here. Insiders have sold 2,196,325 shares of company stock valued at $95,704,024 in the last three months. 0.72% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of HDS. Massey Quick Simon & CO. LLC acquired a new position in HD Supply during the 2nd quarter valued at approximately $106,000. Captrust Financial Advisors increased its stake in HD Supply by 7,921.9% during the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,535 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in HD Supply by 61.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 1,331 shares in the last quarter. Cornerstone Advisors Inc. acquired a new position in HD Supply during the 2nd quarter valued at approximately $141,000. Finally, Twin Tree Management LP acquired a new position in HD Supply during the 2nd quarter valued at approximately $149,000. Institutional investors and hedge funds own 94.87% 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.
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