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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/hd-supply-holdings-inc-hds-downgraded-by-rbc-capital-markets-to-sector-perform.html

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.

5 Day Chart for NASDAQ:HDS

Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.