HD Supply Holdings, Inc. (NASDAQ:HDS) had its price target reduced by stock analysts at Royal Bank Of Canada from $41.00 to $40.00 in a report released on Thursday, MarketBeat reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 18.38% from the company’s current price.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, August 8th. Morgan Stanley downgraded HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Deutsche Bank AG downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Friday, June 9th. ValuEngine downgraded HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Drexel Hamilton downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.54.

Shares of HD Supply Holdings (HDS) traded down 0.83% during trading on Thursday, hitting $33.51. The company had a trading volume of 1,156,394 shares. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The stock’s 50-day moving average price is $31.65 and its 200 day moving average price is $36.52. The company has a market capitalization of $6.79 billion, a P/E ratio of 23.05 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that HD Supply Holdings will post $2.12 earnings per share for the current year.

HD Supply Holdings declared that its board has initiated a share repurchase program 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 programs are typically an indication that the company’s management believes its shares are undervalued.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in 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 worth $1,516,000 after purchasing an additional 5,081 shares in the last quarter. OZ Management LP bought a new position in HD Supply Holdings in the second quarter worth $117,147,000. Shell Asset Management Co. bought a new position in HD Supply Holdings in the first quarter worth $360,000. Morgan Stanley raised its holdings in HD Supply Holdings by 41.5% in the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock worth $36,411,000 after purchasing an additional 259,835 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in HD Supply Holdings in the first quarter worth $2,595,000. Institutional investors and hedge funds own 95.48% of the company’s stock.

About HD Supply Holdings

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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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