HD Supply (NASDAQ:HDS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, BidAskClub reports.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded HD Supply from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Royal Bank of Canada increased their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price on the stock in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.50.

NASDAQ HDS traded down $0.49 during mid-day trading on Wednesday, reaching $42.90. 1,020,381 shares of the company’s stock traded hands, compared to its average volume of 1,478,943. HD Supply has a 1-year low of $35.35 and a 1-year high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.13 and a debt-to-equity ratio of 1.66. The firm has a market cap of $7.29 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.49 EPS. HD Supply’s quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts anticipate that HD Supply will post 3.69 earnings per share for the current year.

In related news, CFO Evan Levitt sold 44,167 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the sale, the chief financial officer now owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HDS. Boston Partners lifted its holdings in shares of HD Supply by 780.5% in the 4th quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock worth $161,437,000 after purchasing an additional 3,814,025 shares during the last quarter. FMR LLC lifted its holdings in shares of HD Supply by 18.4% in the 4th quarter. FMR LLC now owns 20,846,482 shares of the industrial products company’s stock worth $782,159,000 after purchasing an additional 3,243,867 shares during the last quarter. Norges Bank bought a new stake in shares of HD Supply in the 4th quarter worth approximately $83,789,000. JPMorgan Chase & Co. lifted its holdings in shares of HD Supply by 1,148.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,144,848 shares of the industrial products company’s stock worth $91,779,000 after purchasing an additional 1,973,046 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of HD Supply by 192.8% in the 4th quarter. APG Asset Management N.V. now owns 1,692,000 shares of the industrial products company’s stock worth $55,534,000 after purchasing an additional 1,114,100 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

About HD Supply

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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