HD Supply’s (HDS) Hold Rating Reiterated at SunTrust Banks

SunTrust Banks reiterated their hold rating on shares of HD Supply (NASDAQ:HDS) in a report issued on Thursday, December 7th. They currently have a $42.00 price target on the industrial products company’s stock. SunTrust Banks also issued estimates for HD Supply’s Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.95 EPS and FY2019 earnings at $2.93 EPS.

HDS has been the subject of several other research reports. Zacks Investment Research raised shares of HD Supply from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Monday, October 9th. Credit Suisse Group lowered shares of HD Supply from an outperform rating to a neutral rating and set a $33.00 price objective for the company. in a research report on Friday, September 8th. Morgan Stanley reissued an equal weight rating and issued a $37.00 target price (up previously from $36.00) on shares of HD Supply in a research note on Friday, September 1st. Wells Fargo & Co upped their target price on shares of HD Supply from $40.00 to $42.00 and gave the company an outperform rating in a research note on Friday, October 6th. Finally, BidaskClub raised shares of HD Supply from a sell rating to a hold rating in a research note on Friday, September 1st. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. HD Supply has a consensus rating of Hold and an average target price of $38.85.

Shares of HD Supply (NASDAQ:HDS) traded down $0.19 during trading hours on Thursday, reaching $40.03. The company had a trading volume of 1,192,097 shares, compared to its average volume of 2,350,000. HD Supply has a 1 year low of $28.97 and a 1 year high of $44.73. The company has a market capitalization of $7,430.00, a PE ratio of 33.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts predict that HD Supply will post 2.28 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. FMR LLC grew its position in HD Supply by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after purchasing an additional 4,162,500 shares in the last quarter. Vanguard Group Inc. grew its position in HD Supply by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after purchasing an additional 383,895 shares in the last quarter. BlackRock Inc. grew its position in HD Supply by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after purchasing an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT grew its position in HD Supply by 84.7% in the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after purchasing an additional 3,000,390 shares in the last quarter. Finally, Farallon Capital Management LLC grew its position in HD Supply by 16.0% in the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after purchasing an additional 850,562 shares in the last quarter.

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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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