HD Supply Holdings Inc (NASDAQ:HDS) – Jefferies Financial Group decreased their Q2 2020 earnings estimates for shares of HD Supply in a research note issued to investors on Tuesday, June 11th. Jefferies Financial Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $1.10 per share for the quarter, down from their prior forecast of $1.15. Jefferies Financial Group also issued estimates for HD Supply’s Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $3.60 EPS and FY2022 earnings at $3.50 EPS.
Several other equities analysts have also issued reports on HDS. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a report on Wednesday. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $50.00 target price (down previously from $55.00) on shares of HD Supply in a research report on Wednesday. Longbow Research raised shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, June 3rd. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.54.
Shares of HDS opened at $39.40 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.13 and a debt-to-equity ratio of 1.66. HD Supply has a one year low of $35.35 and a one year high of $47.13. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.73 and a beta of 1.27.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. HD Supply had a return on equity of 42.24% and a net margin of 6.70%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share.
In other HD Supply news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $43.16, for a total transaction of $1,906,247.72. Following the transaction, the chief financial officer now directly owns 47,628 shares of the company’s stock, valued at $2,055,624.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.89% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC lifted its position in shares of HD Supply by 3.2% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 7,566 shares of the industrial products company’s stock worth $328,000 after buying an additional 237 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in HD Supply by 0.4% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 64,103 shares of the industrial products company’s stock valued at $2,779,000 after purchasing an additional 252 shares during the last quarter. Captrust Financial Advisors increased its stake in HD Supply by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after buying an additional 285 shares during the period. Penserra Capital Management LLC increased its stake in HD Supply by 58.4% in the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in HD Supply by 36.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 95.12% of the company’s stock.
HD Supply Company Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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