HD Supply Holdings, Inc. (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $36.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.98% from the stock’s previous close.

According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “

Several other equities analysts have also recently weighed in on the stock. Northcoast Research assumed coverage on shares of HD Supply Holdings in a research note on Tuesday, July 25th. They set a “neutral” rating for the company. BidaskClub raised shares of HD Supply Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. J P Morgan Chase & Co raised shares of HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 price target for the company in a research note on Friday, July 14th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $40.00 price target (down from $48.00) on shares of HD Supply Holdings in a research note on Wednesday, July 12th. Finally, Longbow Research cut shares of HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. HD Supply Holdings has an average rating of “Buy” and a consensus target price of $39.64.

HD Supply Holdings (NASDAQ HDS) traded down 1.57% during mid-day trading on Tuesday, reaching $31.31. 2,043,662 shares of the company’s stock were exchanged. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73. The stock has a 50-day moving average price of $31.31 and a 200 day moving average price of $38.37. The company has a market cap of $6.35 billion, a PE ratio of 21.53 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. HD Supply Holdings’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. Equities analysts predict 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 initiated a stock repurchase plan on Tuesday, June 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently made changes to their positions in HDS. Nordea Investment Management AB increased its stake in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 5,081 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of HD Supply Holdings during the first quarter valued at about $360,000. Morgan Stanley increased its stake in shares of HD Supply Holdings by 41.5% in the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock valued at $36,411,000 after buying an additional 259,835 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of HD Supply Holdings during the first quarter valued at about $2,595,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of HD Supply Holdings by 60.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock valued at $78,917,000 after buying an additional 721,635 shares in the last quarter. 97.60% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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