HD Supply Holdings, Inc. (HDS) Given “Neutral” Rating at Goldman Sachs Group, Inc. (The)
HD Supply Holdings, Inc. (NASDAQ:HDS)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Wednesday. They currently have a $35.00 price objective on the industrial products company’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 12.87% from the company’s previous close.
Other research analysts also recently issued reports about the company. 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. BidaskClub downgraded HD Supply Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Deutsche Bank AG lowered HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Friday, June 9th. Wells Fargo & Company reiterated an “outperform” rating and set a $40.00 price target (down previously from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. Finally, Northcoast Research started coverage on HD Supply Holdings in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. HD Supply Holdings presently has a consensus rating of “Hold” and an average target price of $38.57.
Shares of HD Supply Holdings (HDS) opened at 31.01 on Wednesday. The company’s 50 day moving average price is $31.16 and its 200 day moving average price is $37.75. The firm has a market capitalization of $6.28 billion, a P/E ratio of 21.33 and a beta of 1.41. HD Supply Holdings has a one year low of $28.97 and a one year high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The company 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, analysts expect that HD Supply Holdings will post $2.10 EPS for the current fiscal year.
HD Supply Holdings announced that its Board of Directors has authorized a stock buyback plan on Tuesday, June 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Hedge funds have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. raised its stake in shares of HD Supply Holdings by 29.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 101,229 shares of the industrial products company’s stock valued at $4,163,000 after buying an additional 23,119 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of HD Supply Holdings during the first quarter valued at approximately $1,002,000. Boston Advisors LLC bought a new stake in shares of HD Supply Holdings during the first quarter valued at approximately $13,167,000. Nationwide Fund Advisors increased its stake in shares of HD Supply Holdings by 44.8% in the first quarter. Nationwide Fund Advisors now owns 825,048 shares of the industrial products company’s stock valued at $33,930,000 after buying an additional 255,287 shares in the last quarter. Finally, Korea Investment CORP bought a new stake in shares of HD Supply Holdings during the first quarter valued at approximately $4,729,000. Institutional investors and hedge funds own 97.32% of the company’s stock.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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