HD Supply Holdings, Inc. (NASDAQ:HDS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, September 11th.
According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “
A number of other equities research analysts have also commented on HDS. Credit Suisse Group lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Friday, September 8th. Royal Bank Of Canada lowered their price target on shares of HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of HD Supply Holdings in a research report on Friday, September 1st. BidaskClub raised shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.00 price objective on shares of HD Supply Holdings in a research report on Wednesday, August 16th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.14.
Shares of HD Supply Holdings (NASDAQ:HDS) traded up 1.61% during midday trading on Monday, reaching $34.68. The company’s stock had a trading volume of 842,049 shares. The firm’s 50 day moving average is $31.96 and its 200 day moving average is $35.88. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 10.95 and a beta of 1.40. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities analysts forecast that HD Supply Holdings will post $2.21 EPS for the current fiscal year.
HD Supply Holdings declared that its board has authorized a stock buyback program on Tuesday, June 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several hedge funds have recently made changes to their positions in HDS. Creative Planning raised its holdings in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in HD Supply Holdings by 1.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock worth $123,000 after buying an additional 49 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in HD Supply Holdings during the second quarter worth about $129,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in HD Supply Holdings during the first quarter worth about $136,000. Finally, Tower Research Capital LLC TRC increased its holdings in HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock worth $153,000 after buying an additional 3,221 shares during the last quarter.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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