HD Supply (HDS) Downgraded to “Hold” at BidaskClub
BidaskClub cut shares of HD Supply (NASDAQ:HDS) from a buy rating to a hold rating in a report published on Friday morning.
HDS has been the topic of a number of other reports. Zacks Investment Research raised HD Supply from a hold rating to a buy rating and set a $41.00 target price on the stock in a report on Monday, October 9th. Credit Suisse Group lowered HD Supply from an outperform rating to a neutral rating and set a $33.00 price target for the company. in a research report on Friday, September 8th. SunTrust Banks reiterated a hold rating and issued a $35.00 price target on shares of HD Supply in a research report on Friday, November 10th. Wells Fargo & Co increased their price target on HD Supply from $40.00 to $42.00 and gave the company an outperform rating in a research report on Friday, October 6th. Finally, Royal Bank of Canada lowered HD Supply from an outperform rating to a sector perform rating in a research report on Wednesday. Fourteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $38.85.
Shares of HD Supply (HDS) traded down $0.01 on Friday, hitting $39.35. The stock had a trading volume of 1,566,414 shares, compared to its average volume of 2,135,795. The firm has a market capitalization of $7,308.29, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.87 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 1.80. HD Supply has a 52 week low of $28.97 and a 52 week high of $44.73.
A number of hedge funds and other institutional investors have recently made changes to their positions in HDS. Utah Retirement Systems lifted its holdings in shares of HD Supply by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock valued at $1,130,000 after buying an additional 200 shares during the last quarter. Delphi Management Inc. MA raised its stake in shares of HD Supply by 0.5% in the 2nd quarter. Delphi Management Inc. MA now owns 62,359 shares of the industrial products company’s stock valued at $1,910,000 after acquiring an additional 339 shares in the last quarter. ETRADE Capital Management LLC raised its stake in shares of HD Supply by 7.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 8,465 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 597 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in shares of HD Supply by 25.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,989 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 1,604 shares in the last quarter. Finally, Westpac Banking Corp raised its stake in shares of HD Supply by 13.8% in the 2nd quarter. Westpac Banking Corp now owns 16,842 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 2,041 shares in 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.
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