HD Supply Holdings Inc (NASDAQ:HDS) – Research analysts at William Blair decreased their Q2 2020 earnings per share (EPS) estimates for HD Supply in a research report issued on Tuesday, June 11th. William Blair analyst R. Merkel now anticipates that the industrial products company will earn $1.09 per share for the quarter, down from their prior forecast of $1.24. William Blair also issued estimates for HD Supply’s Q3 2020 earnings at $1.14 EPS and FY2021 earnings at $3.35 EPS.
Other equities analysts have also recently issued reports about the stock. Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a research note on Wednesday. Longbow Research raised shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, June 3rd. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Co dropped their price target 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.54.
HDS stock opened at $40.02 on Friday. HD Supply has a 12 month low of $35.35 and a 12 month 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. The stock has a market cap of $6.73 billion, a P/E ratio of 11.77, a PEG ratio of 0.73 and a beta of 1.27.
HD Supply (NASDAQ:HDS) last issued its quarterly earnings data 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. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $0.70 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the business’s 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 sale, the chief financial officer now directly owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HDS. Investors Research Corp bought a new stake in shares of HD Supply in the 1st quarter valued at about $30,000. Penserra Capital Management LLC raised its holdings in shares of 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 purchasing an additional 348 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of HD Supply by 68,832.8% in the 1st quarter. Cresset Asset Management LLC now owns 208,177 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 207,875 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of HD Supply by 610.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of 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 purchasing an additional 285 shares in the last quarter. 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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