HD Supply (NASDAQ:HDS) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08, Morningstar.com reports. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.61%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share.

Shares of HD Supply stock opened at $39.15 on Friday. HD Supply has a one year low of $35.35 and a one year high of $47.13. The company has a market cap of $6.68 billion, a PE ratio of 11.51, a P/E/G ratio of 0.66 and a beta of 1.11. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06. The business has a 50-day simple moving average of $38.92 and a 200-day simple moving average of $41.56.

In other news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. FinTrust Capital Advisors LLC boosted its holdings in HD Supply by 36.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 350 shares in the last quarter. Pearl River Capital LLC boosted its holdings in HD Supply by 18.4% in the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 368 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in HD Supply in the second quarter valued at approximately $124,000. Twin Tree Management LP boosted its holdings in HD Supply by 61.2% in the first quarter. Twin Tree Management LP now owns 3,298 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in HD Supply by 49.1% in the first quarter. Signaturefd LLC now owns 3,797 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,250 shares in the last quarter. 95.05% of the stock is owned by institutional investors and hedge funds.

HDS has been the topic of a number of recent research reports. ValuEngine upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Bank of America set a $51.00 price objective on HD Supply and gave the stock a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Wells Fargo & Co lowered their price objective on HD Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Northcoast Research reissued a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $45.90.

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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Earnings History for HD Supply (NASDAQ:HDS)

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