Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.75.

A number of research firms have recently issued reports on HDS. Zacks Investment Research downgraded HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Credit Suisse Group downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Friday, September 8th. Royal Bank Of Canada dropped their price target on HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 7th. Morgan Stanley restated an “equal weight” rating and issued a $37.00 price target (up from $36.00) on shares of HD Supply Holdings in a research note on Friday, September 1st. Finally, BidaskClub upgraded HD Supply Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

Shares of HD Supply Holdings (NASDAQ:HDS) traded down 1.07% on Friday, hitting $32.46. The stock had a trading volume of 3,792,347 shares. HD Supply Holdings has a 12 month low of $28.97 and a 12 month high of $44.73. The stock has a market cap of $6.06 billion, a PE ratio of 10.25 and a beta of 1.40. The stock has a 50 day moving average of $31.91 and a 200-day moving average of $36.12.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Equities research analysts anticipate that HD Supply Holdings will post $2.21 EPS for the current year.

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

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in shares of HD Supply Holdings by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after acquiring an additional 4,162,500 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of HD Supply Holdings by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after acquiring an additional 383,895 shares in the last quarter. BlackRock Inc. lifted its position in shares of HD Supply Holdings by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after acquiring an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in shares of HD Supply Holdings by 84.7% in the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after acquiring an additional 3,000,390 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its position in shares of HD Supply Holdings by 16.0% in the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after acquiring an additional 850,562 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

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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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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