William Blair Comments on HD Supply Holdings Inc’s FY2020 Earnings (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Equities research analysts at William Blair reduced their FY2020 earnings per share (EPS) estimates for shares of HD Supply in a report issued on Tuesday, June 11th. William Blair analyst R. Merkel now forecasts that the industrial products company will post earnings per share of $3.61 for the year, down from their prior forecast of $3.73.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a return on equity of 42.24% and a net margin of 6.70%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share.

HDS has been the topic of a number of other reports. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Royal Bank of Canada boosted their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, June 3rd. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $50.00 target price (down from $55.00) on shares of HD Supply in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.54.

NASDAQ:HDS opened at $39.40 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.84 billion, a P/E ratio of 11.59, a PEG ratio of 0.73 and a beta of 1.27. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC lifted its holdings in HD Supply by 11.7% during the first quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock worth $338,000 after buying an additional 816 shares during the period. Nordea Investment Management AB lifted its holdings in HD Supply by 59.8% during the first quarter. Nordea Investment Management AB now owns 558,684 shares of the industrial products company’s stock worth $24,221,000 after buying an additional 209,160 shares during the period. FMR LLC lifted its holdings in HD Supply by 8.1% during the first quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after buying an additional 1,679,487 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in HD Supply by 3.2% during the first 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 period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in HD Supply by 20.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,001 shares of the industrial products company’s stock worth $130,000 after buying an additional 502 shares during the period. 95.12% of the stock is currently owned by institutional investors.

In other HD Supply news, CFO Evan Levitt sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $44.70, for a total transaction of $67,050.00. Following the sale, the chief financial officer now directly owns 35,961 shares of the company’s stock, valued at $1,607,456.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

About HD Supply

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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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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