HD Supply Holdings Inc (NASDAQ:HDS) – Stock analysts at Northcoast Research issued their FY2020 earnings per share (EPS) estimates for shares of HD Supply in a report released on Wednesday, June 12th. Northcoast Research analyst T. Hayes expects that the industrial products company will post earnings per share of $3.58 for the year. Northcoast Research currently has a “Buy” rating on the stock.
Several other equities research analysts also recently weighed in on HDS. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, May 22nd. Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, June 3rd. Royal Bank of Canada increased their target price on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co decreased their target price on shares of HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.54.
NASDAQ:HDS opened at $40.02 on Friday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 2.06. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of HDS. Moneta Group Investment Advisors LLC lifted its holdings 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 valued at $328,000 after acquiring an additional 237 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of HD Supply by 0.4% during 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 acquiring an additional 252 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 285 shares in the last quarter. Penserra Capital Management LLC increased its stake in HD Supply by 58.4% during the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $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% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after buying an additional 350 shares during the period. 95.12% of the stock is owned by institutional investors and hedge funds.
In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $43.16, for a total value of $1,906,247.72. Following the completion of 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 filing with the SEC, which is available at this link. Corporate 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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