HD Supply Holdings Inc. (NASDAQ:HDS) Receives Consensus Rating of “Buy” from Brokerages
Shares of HD Supply Holdings Inc. (NASDAQ:HDS) have been assigned a consensus recommendation of “Buy” from the twenty analysts that are presently covering the stock. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $37.15.
HDS has been the subject of a number of recent research reports. TheStreet lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Credit Suisse Group AG restated an “outperform” rating and issued a $42.00 price objective on shares of HD Supply Holdings in a report on Friday, June 17th. Northcoast Research reaffirmed a “neutral” rating on shares of HD Supply Holdings in a research note on Thursday, June 30th. Zacks Investment Research raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, July 5th. Finally, Macquarie initiated coverage on shares of HD Supply Holdings in a research note on Thursday, August 25th. They issued an “outperform” rating and a $42.00 target price on the stock.
HD Supply Holdings (NASDAQ:HDS) traded up 0.627% on Monday, hitting $32.925. 1,433,234 shares of the company’s stock were exchanged. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $36.99. The firm has a 50 day moving average price of $33.15 and a 200-day moving average price of $34.18. The stock has a market cap of $6.62 billion, a P/E ratio of 5.500 and a beta of 1.34.
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HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data 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 the consensus estimate of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Analysts predict that HD Supply Holdings will post $2.55 earnings per share for the current fiscal year.
In other HD Supply Holdings news, Chairman Joseph J. Deangelo bought 32,100 shares of HD Supply Holdings stock in a transaction dated Thursday, September 22nd. The shares were purchased at an average cost of $31.07 per share, with a total value of $997,347.00. Following the transaction, the chairman now directly owns 242,782 shares of the company’s stock, valued at $7,543,236.74. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in HDS. Iridian Asset Management LLC CT purchased a new position in shares of HD Supply Holdings during the second quarter worth about $127,038,000. Jana Partners LLC purchased a new position in shares of HD Supply Holdings during the first quarter worth about $96,256,000. Fiera Capital Corp purchased a new position in shares of HD Supply Holdings during the second quarter worth about $71,330,000. Pictet Asset Management Ltd. boosted its position in shares of HD Supply Holdings by 187.7% in the second quarter. Pictet Asset Management Ltd. now owns 2,107,362 shares of the company’s stock worth $74,390,000 after buying an additional 1,374,876 shares during the last quarter. Finally, FMR LLC boosted its position in shares of HD Supply Holdings by 6.7% in the second quarter. FMR LLC now owns 20,884,747 shares of the company’s stock worth $727,207,000 after buying an additional 1,311,919 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.
About HD Supply Holdings
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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