HD Supply (NASDAQ:HDS) had its target price trimmed by JPMorgan Chase & Co. from $43.00 to $42.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the industrial products company’s stock.

HDS has been the topic of a number of other reports. Bank of America set a $51.00 target price on shares of HD Supply and gave the stock a buy rating in a research note on Friday, September 6th. Royal Bank of Canada cut their target price on shares of HD Supply to $38.00 and set a sector perform rating on the stock in a research note on Wednesday, September 11th. William Blair lowered shares of HD Supply from an outperform rating to a market perform rating in a research note on Wednesday, September 25th. Wells Fargo & Co increased their price target on shares of HD Supply from $45.00 to $48.00 and gave the company an outperform rating in a research note on Wednesday, September 25th. Finally, Northcoast Research reiterated a buy rating on shares of HD Supply in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. HD Supply presently has a consensus rating of Hold and a consensus price target of $45.82.

Shares of HDS stock traded down $0.02 during trading hours on Thursday, reaching $39.04. 783,368 shares of the stock were exchanged, compared to its average volume of 1,626,983. The business’s fifty day moving average is $38.88 and its two-hundred day moving average is $40.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10. HD Supply has a 12-month low of $35.35 and a 12-month high of $47.13. The firm has a market capitalization of $6.48 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.65 and a beta of 1.11.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts predict that HD Supply will post 3.51 earnings per share for the current fiscal year.

In related news, Director Lauren Taylor Wolfe purchased 600,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. grew its position in shares of HD Supply by 4.8% during the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 318 shares during the last quarter. Pearl River Capital LLC grew its position in shares of HD Supply by 18.4% during the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 368 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of HD Supply by 4.7% during the second quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 424 shares during the last quarter. Comerica Bank grew its position in shares of HD Supply by 7.3% during the second quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 477 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of HD Supply by 1.6% during the second quarter. State of Alaska Department of Revenue now owns 32,822 shares of the industrial products company’s stock worth $1,321,000 after acquiring an additional 515 shares during the last quarter. Institutional investors and hedge funds own 98.12% 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.

Further Reading: Strangles

Analyst Recommendations for HD Supply (NASDAQ:HDS)

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.