HD Supply (NASDAQ:HDS) Now Covered by UBS Group

Equities research analysts at UBS Group assumed coverage on shares of HD Supply (NASDAQ:HDS) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating and a $42.00 price target on the industrial products company’s stock. UBS Group’s target price would suggest a potential upside of 2.26% from the stock’s current price.

A number of other equities analysts also recently issued reports on HDS. Wells Fargo & Company increased their price objective on HD Supply from $30.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. William Blair reiterated a “hold” rating on shares of HD Supply in a report on Monday, June 29th. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Jefferies Financial Group raised their price target on HD Supply from $31.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Zacks Investment Research upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Friday, June 12th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.64.

HDS opened at $41.07 on Tuesday. The stock has a fifty day simple moving average of $39.37 and a two-hundred day simple moving average of $33.72. The company has a current ratio of 1.90, a quick ratio of 1.03 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 4.37 and a beta of 1.20. HD Supply has a 12-month low of $21.69 and a 12-month high of $43.37.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 9th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. HD Supply had a return on equity of 36.29% and a net margin of 6.91%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, analysts predict that HD Supply will post 2.08 EPS for the current year.

In related news, CFO Evan Levitt sold 34,562 shares of HD Supply stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $41.06, for a total value of $1,419,115.72. Following the completion of the sale, the chief financial officer now directly owns 77,352 shares in the company, valued at approximately $3,176,073.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.75% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HDS. Baupost Group LLC MA purchased a new position in HD Supply in the first quarter worth about $176,776,000. Eminence Capital LP purchased a new position in HD Supply in the first quarter worth about $136,454,000. LSV Asset Management lifted its position in shares of HD Supply by 1,490.0% during the 2nd quarter. LSV Asset Management now owns 4,186,582 shares of the industrial products company’s stock valued at $145,065,000 after buying an additional 3,923,282 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of HD Supply by 108.4% during the 2nd quarter. Nordea Investment Management AB now owns 3,483,990 shares of the industrial products company’s stock valued at $117,898,000 after buying an additional 1,812,055 shares in the last quarter. Finally, FMR LLC lifted its position in shares of HD Supply by 7.6% during the 2nd quarter. FMR LLC now owns 24,297,513 shares of the industrial products company’s stock valued at $841,908,000 after buying an additional 1,714,181 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

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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