HD Supply Holdings Inc. (HDS) Downgraded by RBC Capital Markets to “Sector Perform”
HD Supply Holdings Inc. (NASDAQ:HDS) was downgraded by equities research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They currently have a $35.00 price target on the stock, down from their prior price target of $43.00. RBC Capital Markets’ price target indicates a potential upside of 14.27% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on HDS. Wells Fargo & Co. reaffirmed a “buy” rating on shares of HD Supply Holdings in a report on Sunday, September 4th. Longbow Research began coverage on HD Supply Holdings in a report on Thursday, June 2nd. They issued a “buy” rating and a $43.00 target price on the stock. Royal Bank Of Canada cut HD Supply Holdings from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Tuesday. Bank of America Corp. reiterated a “buy” rating on shares of HD Supply Holdings in a research note on Wednesday, September 14th. Finally, Morgan Stanley set a $35.00 price target on HD Supply Holdings and gave the company a “hold” rating in a research note on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of “Buy” and an average target price of $37.60.
HD Supply Holdings (NASDAQ:HDS) traded down 2.79% on Tuesday, reaching $30.63. The company’s stock had a trading volume of 4,500,724 shares. The firm’s 50-day moving average price is $34.68 and its 200-day moving average price is $34.04. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 5.12 and a beta of 1.30. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $36.99.
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HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. The business earned $2 billion during the quarter, compared to analyst estimates of $2.03 billion. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. On average, equities analysts expect that HD Supply Holdings will post $2.55 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in HD Supply Holdings during the second quarter valued at $107,000. Glenmede Trust Co. NA raised its position in HD Supply Holdings by 14.6% in the second quarter. Glenmede Trust Co. NA now owns 3,794 shares of the company’s stock valued at $131,000 after buying an additional 484 shares during the period. Shell Asset Management Co. acquired a new position in HD Supply Holdings during the second quarter valued at $132,000. Toronto Dominion Bank raised its position in HD Supply Holdings by 0.3% in the second quarter. Toronto Dominion Bank now owns 4,029 shares of the company’s stock valued at $141,000 after buying an additional 11 shares during the period. Finally, Cantab Capital Partners LLP raised its position in HD Supply Holdings by 92.7% in the second quarter. Cantab Capital Partners LLP now owns 4,365 shares of the company’s stock valued at $152,000 after buying an additional 2,100 shares during the period. 96.86% of the stock is owned by hedge funds and other institutional investors.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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