HD Supply Holdings Inc (HDS) Receives Consensus Rating of “Hold” from Analysts

Shares of HD Supply Holdings Inc (NASDAQ:HDS) have been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $37.80.

A number of brokerages recently commented on HDS. ValuEngine lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. BidaskClub lowered HD Supply from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $42.00 target price on shares of HD Supply in a research report on Thursday, December 7th.

Shares of HD Supply (NASDAQ:HDS) traded up $0.18 during mid-day trading on Tuesday, hitting $36.24. The stock had a trading volume of 1,055,498 shares, compared to its average volume of 2,271,667. HD Supply has a 1-year low of $28.97 and a 1-year high of $44.49. The stock has a market capitalization of $6,647.28, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.63 and a beta of 1.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80.

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

A number of large investors have recently made changes to their positions in HDS. Ameriprise Financial Inc. raised its stake in shares of HD Supply by 105.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 248,977 shares of the industrial products company’s stock worth $7,629,000 after buying an additional 127,898 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HD Supply by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,658 shares of the industrial products company’s stock worth $20,941,000 after buying an additional 14,197 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of HD Supply during the 2nd quarter worth approximately $577,000. Janus Henderson Group PLC acquired a new position in shares of HD Supply during the 2nd quarter worth approximately $3,004,000. Finally, State Street Corp raised its stake in shares of HD Supply by 37.3% during the 2nd quarter. State Street Corp now owns 3,526,699 shares of the industrial products company’s stock worth $108,026,000 after buying an additional 957,778 shares during the period.

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About HD Supply

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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