Several equities research analysts have issued reports on HDS shares. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of HD Supply Holdings in a report on Tuesday, April 11th. Morgan Stanley lowered shares of HD Supply Holdings from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Deutsche Bank AG lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Friday, June 9th. ValuEngine lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Drexel Hamilton lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $37.00 in a report on Wednesday, June 7th.
Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) have been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.58.
HD Supply Holdings (HDS) traded down 1.75% during trading on Monday, hitting $31.48. 6,152,589 shares of the company’s stock traded hands. The stock has a market cap of $6.38 billion, a P/E ratio of 21.65 and a beta of 1.40. The firm’s 50-day moving average price is $31.34 and its 200 day moving average price is $38.52. HD Supply Holdings has a 12-month low of $28.97 and a 12-month high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. HD Supply Holdings’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. Analysts anticipate that HD Supply Holdings will post $2.10 earnings per share for the current fiscal year.
HD Supply Holdings announced that its Board of Directors has authorized a share repurchase plan on Tuesday, June 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the stock. Paradigm Financial Advisors LLC increased its stake in shares of HD Supply Holdings by 6.8% in the first quarter. Paradigm Financial Advisors LLC now owns 29,086 shares of the industrial products company’s stock worth $1,196,000 after buying an additional 1,859 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in HD Supply Holdings by 29.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 101,229 shares of the industrial products company’s stock worth $4,163,000 after buying an additional 23,119 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in HD Supply Holdings during the fourth quarter worth about $126,000. Quadrature Capital Ltd acquired a new stake in HD Supply Holdings during the fourth quarter worth about $1,921,000. Finally, Norges Bank acquired a new stake in HD Supply Holdings during the fourth quarter worth about $66,302,000. Institutional investors and hedge funds own 96.83% of the company’s stock.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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.