HD Supply Holdings, Inc. (NASDAQ:HDS) was downgraded by Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.

Several other equities research analysts have also weighed in on the company. Deutsche Bank AG lowered HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Friday, June 9th. J P Morgan Chase & Co raised HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 target price on the stock in a research report on Friday, July 14th. Robert W. Baird lowered HD Supply Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. Finally, Drexel Hamilton lowered HD Supply Holdings from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $37.00 in a research report on Wednesday, June 7th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. HD Supply Holdings has a consensus rating of “Hold” and a consensus target price of $38.54.

HD Supply Holdings (NASDAQ:HDS) opened at 33.55 on Friday. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The firm has a 50-day moving average of $31.71 and a 200 day moving average of $36.50. The firm has a market capitalization of $6.80 billion, a PE ratio of 23.07 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 51.46% and a net margin of 9.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that HD Supply Holdings will post $2.12 earnings per share for the current year.

HD Supply Holdings declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. grew its holdings in HD Supply Holdings by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 30 shares during the period. World Asset Management Inc grew its holdings in HD Supply Holdings by 0.4% during the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 33 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in HD Supply Holdings by 1.7% during 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 acquiring an additional 49 shares during the period. Cadence Capital Management LLC grew its holdings in HD Supply Holdings by 0.9% during the first quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 53 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in HD Supply Holdings by 0.4% during the first quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 61 shares during the period. 95.48% 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, 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.

The Fly

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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