HD Supply (HDS) Lifted to Buy at Zacks Investment Research

HD Supply (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $44.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.55% from the company’s previous close.

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. “

Several other equities analysts also recently issued reports on HDS. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Northcoast Research upgraded HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. SunTrust Banks boosted their price objective on HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Raymond James boosted their price objective on HD Supply from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, ValuEngine downgraded HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.67.

NASDAQ:HDS opened at $38.75 on Thursday. The company has a market cap of $7.14 billion, a PE ratio of 16.77, a P/E/G ratio of 0.85 and a beta of 1.44. HD Supply has a 52 week low of $34.02 and a 52 week high of $46.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31.

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

In other HD Supply news, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $42.37, for a total value of $26,321,726.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC acquired a new stake in HD Supply in the second quarter worth approximately $106,000. Captrust Financial Advisors lifted its position in HD Supply by 7,921.9% in the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,535 shares during the period. Cornerstone Advisors Inc. acquired a new stake in HD Supply in the second quarter worth approximately $141,000. Twin Tree Management LP acquired a new stake in HD Supply in the second quarter worth approximately $149,000. Finally, Aviance Capital Management LLC lifted its position in HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 1,401 shares during the period. Hedge funds and other institutional investors own 95.25% 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, 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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