HD Supply Holdings Inc (HDS) Receives Consensus Recommendation of “Hold” from Brokerages

HD Supply Holdings Inc (NASDAQ:HDS) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $37.80.

Several analysts have issued reports on HDS shares. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price objective (up previously from $37.00) on shares of HD Supply in a research note on Monday, October 2nd. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Co raised their price objective on shares of HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. Finally, Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of HD Supply in a research note on Monday, October 9th.

Several institutional investors have recently bought and sold shares of HDS. FMR LLC raised its stake in shares of HD Supply by 16.4% during 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. BlackRock Inc. raised its stake in shares of HD Supply by 20.6% during 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. JPMorgan Chase & Co. raised its stake in shares of HD Supply by 60.2% during the third quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock valued at $148,182,000 after acquiring an additional 1,541,426 shares in the last quarter. OZ Management LP raised its stake in shares of HD Supply by 36.4% during the third quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after acquiring an additional 1,392,371 shares in the last quarter. Finally, State Street Corp raised its stake in shares of HD Supply by 37.3% during the second quarter. State Street Corp now owns 3,526,699 shares of the industrial products company’s stock valued at $108,026,000 after acquiring an additional 957,778 shares in the last quarter.

HD Supply (HDS) traded up $0.72 on Friday, reaching $39.02. The company had a trading volume of 1,830,000 shares, compared to its average volume of 2,540,000. The stock has a market capitalization of $7,250.00, a price-to-earnings ratio of 32.52, a P/E/G ratio of 0.84 and a beta of 1.40. HD Supply has a 12 month low of $28.97 and a 12 month high of $44.73. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. analysts predict that HD Supply will post 2.27 earnings per share for the current year.

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HD Supply 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 (NASDAQ:HDS)

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