Jefferies Financial Group Weighs in on HD Supply Holdings Inc’s Q3 2020 Earnings (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at Jefferies Financial Group dropped their Q3 2020 EPS estimates for HD Supply in a note issued to investors on Tuesday, June 11th. Jefferies Financial Group analyst S. Volkmann now expects that the industrial products company will post earnings of $1.00 per share for the quarter, down from their prior forecast of $1.05. Jefferies Financial Group also issued estimates for HD Supply’s FY2021 earnings at $3.25 EPS.

HD Supply (NASDAQ:HDS) last issued 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. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share.

A number of other analysts have also recently commented on the stock. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised 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 raised 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 boosted 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 cut 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 company’s stock. The stock has an average rating of “Buy” and a consensus target price of $47.54.

Shares of HD Supply stock opened at $40.02 on Friday. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.73 and a beta of 1.27. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.10.

In related news, CFO Evan Levitt sold 1,500 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the sale, the chief financial officer now owns 35,961 shares of the company’s stock, valued at approximately $1,607,456.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in HD Supply by 8.1% during the 1st quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock valued at $976,501,000 after acquiring an additional 1,679,487 shares in the last quarter. Vanguard Group Inc grew its stake in HD Supply by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after acquiring an additional 864,941 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in shares of HD Supply by 15.5% in the 1st quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock valued at $206,345,000 after buying an additional 639,764 shares during the period. Boston Partners grew its stake in shares of HD Supply by 780.5% in the 4th quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock valued at $161,437,000 after buying an additional 3,814,025 shares during the period. Finally, OZ Management LP grew its stake in shares of HD Supply by 15.8% in the 1st quarter. OZ Management LP now owns 4,000,522 shares of the industrial products company’s stock valued at $173,423,000 after buying an additional 546,858 shares during the period. 95.12% of the stock is owned by institutional investors.

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

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