HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at Jefferies Financial Group dropped their Q3 2020 earnings per share estimates for shares of HD Supply in a research report issued to clients and investors on Wednesday, November 6th. Jefferies Financial Group analyst S. Volkmann now anticipates that the industrial products company will post earnings per share of $0.96 for the quarter, down from their previous estimate of $1.00.
Several other brokerages also recently commented on HDS. JPMorgan Chase & Co. decreased their price objective on shares of HD Supply from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. ValuEngine downgraded shares of HD Supply from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Barclays downgraded shares of HD Supply from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $44.00 to $42.00 in a research report on Thursday, September 26th. Robert W. Baird downgraded shares of HD Supply from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $40.00 in a research report on Wednesday, September 11th. Finally, William Blair downgraded shares of HD Supply from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.82.
Shares of HDS stock traded down $0.10 on Friday, hitting $40.83. 1,219,600 shares of the stock traded hands, compared to its average volume of 1,574,674. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.71 and a beta of 1.10. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The firm has a 50 day simple moving average of $39.38 and a two-hundred day simple moving average of $40.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS.
Large investors have recently modified their holdings of the business. Squar Milner Financial Services LLC grew its stake in shares of HD Supply by 309.7% in the 3rd quarter. Squar Milner Financial Services LLC now owns 721 shares of the industrial products company’s stock worth $28,000 after buying an additional 545 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of HD Supply during the 3rd quarter worth about $78,000. Pearl River Capital LLC boosted its stake in shares of HD Supply by 18.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 368 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in shares of HD Supply during the 2nd quarter worth about $124,000. Finally, Usca Ria LLC purchased a new position in shares of HD Supply during the 3rd quarter worth about $129,000. 97.80% of the stock is owned by institutional investors and hedge funds.
In related news, Director Lauren Taylor Wolfe bought 600,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $38.55 per share, with a total value of $23,130,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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