SunTrust Banks restated their hold rating on shares of HD Supply (NASDAQ:HDS) in a research note issued to investors on Thursday morning. SunTrust Banks currently has a $42.00 target price on the industrial products company’s stock. SunTrust Banks also issued estimates for HD Supply’s Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.95 EPS and FY2019 earnings at $2.93 EPS.

Other research analysts also recently issued research reports about the stock. Goldman Sachs Group reaffirmed a neutral rating and issued a $35.00 price target on shares of HD Supply in a research note on Wednesday, August 16th. ValuEngine raised shares of HD Supply from a hold rating to a buy rating in a research note on Tuesday, December 5th. BidaskClub raised shares of HD Supply from a sell rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of HD Supply from a hold rating to a buy rating and set a $35.00 price target on the stock in a research note on Friday, August 25th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $38.00 price target (up previously from $37.00) on shares of HD Supply in a research note on Monday, October 2nd. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $38.85.

Shares of HD Supply (NASDAQ HDS) opened at $39.32 on Thursday. The stock has a market cap of $7,300.87, a PE ratio of 15.66, a PEG ratio of 0.87 and a beta of 1.40. The company has a quick ratio of 1.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.40. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73.

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

HD Supply declared that its board has approved a share repurchase plan on Tuesday, August 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of HD Supply by 16.4% in the 2nd quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock worth $905,504,000 after buying an additional 4,162,500 shares during the last quarter. OZ Management LP purchased a new position in shares of HD Supply in the 2nd quarter worth approximately $117,147,000. Iridian Asset Management LLC CT grew its position in shares of HD Supply by 84.7% in the 2nd quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock worth $200,420,000 after buying an additional 3,000,390 shares during the last quarter. BlackRock Inc. grew its position in shares of HD Supply by 20.6% in the 2nd quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock worth $302,814,000 after buying an additional 1,688,213 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of HD Supply by 60.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock worth $148,182,000 after buying an additional 1,541,426 shares during the last quarter.

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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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