SunTrust Banks, Inc. reissued their hold rating on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research note issued to investors on Friday, November 10th. SunTrust Banks, Inc. currently has a $35.00 target price on the industrial products company’s stock.
A number of other equities analysts have also commented on HDS. BidaskClub upgraded HD Supply Holdings from a hold rating to a buy rating in a research note on Thursday, September 28th. ValuEngine raised HD Supply Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $35.00 target price on shares of HD Supply Holdings in a report on Wednesday, August 16th. Morgan Stanley reiterated an equal weight rating and set a $38.00 target price (up previously from $37.00) on shares of HD Supply Holdings in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of HD Supply Holdings from a buy rating to a hold rating in a research report on Tuesday, November 7th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $38.50.
HD Supply Holdings (NASDAQ:HDS) opened at $35.20 on Friday. HD Supply Holdings has a 1 year low of $28.97 and a 1 year high of $44.73. The stock has a market capitalization of $6,562.48, a price-to-earnings ratio of 13.84, a PEG ratio of 0.79 and a beta of 1.40. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.41 and a current ratio of 2.04.
HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. sell-side analysts predict that HD Supply Holdings will post 2.21 earnings per share for the current year.
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HD Supply Holdings declared that its board has authorized a share buyback plan on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several hedge funds have recently made changes to their positions in HDS. Creative Planning increased its holdings in HD Supply Holdings by 15.2% during the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of HD Supply Holdings in the 2nd quarter worth $129,000. Barrett Asset Management LLC bought a new position in shares of HD Supply Holdings in the 2nd quarter worth $161,000. Pinebridge Investments L.P. grew its holdings in shares of HD Supply Holdings by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of HD Supply Holdings during the 2nd quarter valued at $181,000. Institutional investors own 95.61% of the company’s stock.
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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