HD Supply (NASDAQ:HDS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, December 7th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 target price (up from $37.00) on shares of HD Supply in a research note on Monday, October 2nd. SunTrust Banks reiterated a “hold” rating and issued a $42.00 target price on shares of HD Supply in a research note on Thursday, December 7th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $38.00 target price on shares of HD Supply in a research note on Monday, October 9th. Fourteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.85.

Shares of HD Supply (HDS) opened at $39.35 on Friday. HD Supply has a 52-week low of $28.97 and a 52-week high of $44.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80. The stock has a market cap of $7,308.29, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts predict that HD Supply will post 2.27 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of HD Supply by 16.4% during the 2nd quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after buying an additional 4,162,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of HD Supply by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after buying an additional 383,895 shares in the last quarter. BlackRock Inc. lifted its stake in shares of HD Supply by 20.6% during the 2nd quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after buying an additional 1,688,213 shares in the last quarter. Farallon Capital Management LLC lifted its stake in shares of HD Supply by 16.0% during the 2nd quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after buying an additional 850,562 shares in the last quarter. Finally, OZ Management LP lifted its stake in shares of HD Supply by 36.4% during the 3rd quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after buying an additional 1,392,371 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.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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