HD Supply Holdings, Inc. (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $36.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.98% from the stock’s current price.
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 issued reports on the company. Northcoast Research began coverage on HD Supply Holdings in a research note on Tuesday, July 25th. They issued a “neutral” rating for the company. BidaskClub upgraded HD Supply Holdings from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. J P Morgan Chase & Co upgraded HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 price target for the company in a research note on Friday, July 14th. Wells Fargo & Company reiterated an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of HD Supply Holdings in a research note on Wednesday, July 12th. Finally, Longbow Research lowered HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. HD Supply Holdings currently has an average rating of “Buy” and an average target price of $39.64.
HD Supply Holdings (HDS) traded down 1.57% during midday trading on Tuesday, reaching $31.31. The company had a trading volume of 2,043,662 shares. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 21.53 and a beta of 1.41. The firm has a 50-day moving average price of $31.31 and a 200-day moving average price of $38.37. 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 posted its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by $0.02. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. Analysts expect that HD Supply Holdings will post $2.10 EPS for the current fiscal year.
HD Supply Holdings declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Braun Stacey Associates Inc. increased its position in shares of HD Supply Holdings by 35.2% in the first quarter. Braun Stacey Associates Inc. now owns 312,193 shares of the industrial products company’s stock worth $12,839,000 after buying an additional 81,243 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of HD Supply Holdings by 240.2% in the first quarter. Russell Investments Group Ltd. now owns 119,690 shares of the industrial products company’s stock worth $4,921,000 after buying an additional 84,509 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of HD Supply Holdings by 43.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 825,000 shares of the industrial products company’s stock worth $33,928,000 after buying an additional 250,000 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of HD Supply Holdings during the first quarter worth approximately $360,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of HD Supply Holdings during the first quarter worth approximately $1,149,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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