HD Supply (NASDAQ:HDS) was downgraded by Buckingham Research from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

Several other research analysts have also recently weighed in on the company. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Northcoast Research restated a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Robert W. Baird cut HD Supply from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $40.00 in a report on Wednesday. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Bank of America set a $51.00 target price on HD Supply and gave the stock a “buy” rating in a report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HD Supply currently has an average rating of “Buy” and a consensus price target of $45.90.

Shares of HD Supply stock traded up $0.42 on Wednesday, hitting $39.57. The company’s stock had a trading volume of 36,573 shares, compared to its average volume of 1,483,394. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13. The firm has a fifty day moving average price of $38.92 and a 200-day moving average price of $41.56. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a return on equity of 44.61% and a net margin of 6.74%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned $0.99 EPS. HD Supply’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts forecast that HD Supply will post 3.52 EPS for the current year.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. lifted its position in HD Supply by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 318 shares during the period. 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 in the last quarter. Pearl River Capital LLC increased its stake in shares of HD Supply by 18.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 368 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of HD Supply by 4.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock worth $379,000 after purchasing an additional 424 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of HD Supply by 7.3% during the 2nd quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 477 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

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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