HD Supply (NASDAQ:HDS)‘s stock had its “hold” rating reissued by stock analysts at SunTrust Banks in a research report issued to clients and investors on Thursday. They presently have a $42.00 target price on the industrial products company’s stock. SunTrust Banks’ price target would suggest a potential upside of 8.70% from the company’s previous close.

Several other equities analysts have also issued reports on the company. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Robert W. Baird restated a “hold” rating and set a $38.00 price target on shares of HD Supply in a research report on Monday, October 9th. Finally, Wells Fargo & Company raised their price target on HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.69.

Shares of HD Supply (HDS) traded down $0.16 during trading on Thursday, hitting $38.64. The stock had a trading volume of 2,756,600 shares, compared to its average volume of 2,721,089. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. The company has a market cap of $7,204.31, a price-to-earnings ratio of 15.46, a PEG ratio of 0.86 and a beta of 1.40. HD Supply has a 12-month low of $28.97 and a 12-month high of $44.73.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate 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 46.02% and a net margin of 16.55%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. analysts expect that HD Supply will post 2.25 EPS for the current year.

HD Supply announced that its Board of Directors has authorized a share buyback program on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge funds have recently modified their holdings of the company. Alps Advisors Inc. lifted its stake in shares of HD Supply by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 30 shares during the period. World Asset Management Inc lifted its stake in shares of HD Supply by 0.4% in the 2nd quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 33 shares during the period. Utah Retirement Systems lifted its stake in shares of HD Supply by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock valued at $1,130,000 after purchasing an additional 200 shares during the period. Delphi Management Inc. MA lifted 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 purchasing an additional 339 shares during the period. Finally, Creative Planning lifted its stake in shares of HD Supply by 15.2% in the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares during the period.

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HD Supply Company Profile

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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