With its improved financial flexibility, HD Supply is buying back shares and targeting acquisitions.
HD Supply shares surged almost 10% to near $40 during the Dec. 5 trading session after the narrow-moat industrial distributor beat consensus sales and adjusted earnings estimates amid robust growth and management increased its full-year financial outlook. We expect to increase our fair value estimate by about $1 per share to reflect the time value of money since our last update. HD Supply had been a 4-star stock since June, but with the shares' strong performance following the Dec. 5 earnings re...
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