HD Supply Holdings, Inc. (HDS) Coverage Initiated by Analysts at Northcoast Research
Northcoast Research initiated coverage on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a note issued to investors on Tuesday. The firm set a “neutral” rating on the industrial products company’s stock.
A number of other brokerages have also weighed in on HDS. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 price objective on shares of HD Supply Holdings in a report on Tuesday, April 11th. Raymond James Financial, Inc. upgraded shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Friday, April 21st. UBS AG upgraded HD Supply Holdings to an “outperform” rating and set a $44.00 price objective for the company in a research note on Wednesday, April 19th. ValuEngine downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Drexel Hamilton downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. HD Supply Holdings presently has an average rating of “Hold” and a consensus price target of $40.50.
Shares of HD Supply Holdings (NASDAQ:HDS) traded up 0.794% during mid-day trading on Tuesday, hitting $32.365. The stock had a trading volume of 1,490,264 shares. The stock’s 50-day moving average price is $31.61 and its 200-day moving average price is $38.95. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73. The firm has a market cap of $6.56 billion, a PE ratio of 22.259 and a beta of 1.41.
HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. HD Supply Holdings’s revenue was up 5.2% on a year-over-year basis. On average, 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 has authorized a share buyback program 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. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of the company. Creative Planning raised its stake in HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after buying an additional 500 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock worth $121,000 after buying an additional 2,900 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock worth $123,000 after buying an additional 49 shares during the period. Ibex Wealth Advisors purchased a new stake in HD Supply Holdings during the fourth quarter worth $126,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in HD Supply Holdings during the second quarter worth $129,000. 96.97% of the stock is currently owned by institutional investors.
HD Supply Holdings Company Profile
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.
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