HD Supply Holdings Inc (HDS) Receives Average Rating of “Buy” from Brokerages

HD Supply Holdings Inc (NASDAQ:HDS) has earned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.88.

Several analysts have recently issued reports on HDS shares. Wells Fargo & Co set a $50.00 target price on shares of HD Supply and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Robert W. Baird upped their target price on shares of HD Supply from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 6th. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Finally, Zacks Investment Research lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th.

HDS stock traded up $0.09 during midday trading on Thursday, reaching $42.57. 42,261 shares of the company’s stock traded hands, compared to its average volume of 2,174,973. HD Supply has a 52 week low of $34.02 and a 52 week high of $46.29. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $7.83 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last posted its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. equities analysts predict that HD Supply will post 3.3 earnings per share for the current fiscal year.

In related news, insider John Stegeman sold 57,200 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $45.00, for a total value of $2,574,000.00. Following the transaction, the insider now directly owns 95,652 shares of the company’s stock, valued at approximately $4,304,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Llc sold 861,499 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.39, for a total transaction of $37,380,441.61. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in HD Supply by 10.5% during the second quarter. BlackRock Inc. now owns 11,087,160 shares of the industrial products company’s stock valued at $475,528,000 after purchasing an additional 1,055,957 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in HD Supply by 0.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,839,374 shares of the industrial products company’s stock valued at $336,232,000 after purchasing an additional 45,282 shares during the last quarter. OZ Management LP lifted its holdings in HD Supply by 8.9% during the first quarter. OZ Management LP now owns 5,063,823 shares of the industrial products company’s stock valued at $192,121,000 after purchasing an additional 415,141 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in HD Supply by 118.1% during the first quarter. Point72 Asset Management L.P. now owns 1,505,121 shares of the industrial products company’s stock valued at $57,104,000 after purchasing an additional 814,949 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in HD Supply by 3.9% during the second quarter. Northern Trust Corp now owns 1,401,839 shares of the industrial products company’s stock valued at $60,125,000 after purchasing an additional 53,027 shares during the last quarter. 94.84% 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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