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.

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 analysts’ consensus estimates of $0.75 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. HD Supply’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. research analysts expect that HD Supply will post 2.27 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “HD Supply (HDS) Downgraded to “Hold” at BidaskClub” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/01/06/hd-supply-hds-downgraded-to-hold-at-bidaskclub.html.

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)

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.