HD Supply (NASDAQ:HDS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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. “

A number of other equities research analysts have also issued reports on HDS. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of HD Supply in a research note on Wednesday, August 16th. Royal Bank Of Canada upped their target price on HD Supply from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. BidaskClub raised HD Supply from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Morgan Stanley reissued an “equal weight” rating and set a $37.00 price target (up previously from $36.00) on shares of HD Supply in a research note on Friday, September 1st. Finally, Credit Suisse Group lowered HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.85.

Shares of HD Supply (HDS) traded up $0.09 during trading hours on Friday, hitting $39.32. The stock had a trading volume of 2,919,769 shares, compared to its average volume of 2,722,156. The stock has a market cap of $7,310.00, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.86 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.41. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $44.73.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $0.83 EPS. HD Supply’s revenue was up 7.5% on a year-over-year basis. sell-side analysts expect that HD Supply will post 2.26 EPS for the current year.

HD Supply declared that its Board of Directors has initiated a share buyback program on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in HD Supply by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock worth $905,504,000 after acquiring an additional 4,162,500 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of HD Supply by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after purchasing an additional 383,895 shares during the period. BlackRock Inc. increased its stake in shares of HD Supply by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after purchasing an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT increased its stake in shares of HD Supply by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after acquiring an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC increased its stake in shares of HD Supply by 16.0% during the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after acquiring an additional 850,562 shares during the period.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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