HD Supply Holdings Inc (NASDAQ:HDS) – Equities research analysts at SunTrust Banks reduced their Q2 2020 EPS estimates for HD Supply in a research note issued to investors on Tuesday, June 11th. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings per share of $1.10 for the quarter, down from their previous estimate of $1.20. SunTrust Banks also issued estimates for HD Supply’s Q3 2020 earnings at $0.92 EPS and FY2020 earnings at $3.48 EPS.
Other equities research analysts also recently issued research reports about the company. Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a report on Wednesday. Longbow Research raised HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, June 3rd. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, May 22nd. Finally, Wells Fargo & Co reduced their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.54.
Shares of NASDAQ:HDS opened at $40.02 on Friday. The company has a market cap of $6.73 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.73 and a beta of 1.27. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13. 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 (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The business 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 43.10% and a net margin of 6.70%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share.
In other HD Supply news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $44.70, for a total value of $67,050.00. Following 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new stake in shares of HD Supply during the 1st quarter valued at $30,000. Penserra Capital Management LLC boosted its holdings in shares of HD Supply by 58.4% during the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. Quadrant Capital Group LLC raised its position in HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,068 shares during the last quarter. FinTrust Capital Advisors LLC raised its position 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 purchasing an additional 350 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 285 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors.
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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