HD Supply (NASDAQ:HDS) Stock Crosses Below 50-Day Moving Average of $41.64

Shares of HD Supply Holdings Inc (NASDAQ:HDS) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $41.64 and traded as low as $39.34. HD Supply shares last traded at $39.47, with a volume of 36,531 shares changing hands.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Wells Fargo & Co dropped their price target on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Northcoast Research restated a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Buckingham Research dropped their price target on HD Supply from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.50.

The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.67 and a beta of 1.27. The company’s 50-day simple moving average is $41.46. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. On average, analysts predict that HD Supply Holdings Inc will post 3.59 earnings per share for the current year.

In related news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total transaction of $1,906,247.72. Following the completion of the sale, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of HD Supply by 42.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 91,300 shares of the industrial products company’s stock valued at $3,426,000 after purchasing an additional 27,200 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of HD Supply in the 4th quarter valued at about $251,000. Iridian Asset Management LLC CT lifted its stake in shares of HD Supply by 15.5% in the 1st quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock valued at $206,345,000 after purchasing an additional 639,764 shares in the last quarter. Cerebellum GP LLC lifted its stake in shares of HD Supply by 11.7% in the 1st quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 816 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of HD Supply by 4.5% in the 4th quarter. Prudential Financial Inc. now owns 13,030 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

About HD Supply (NASDAQ:HDS)

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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