HD Supply Holdings Inc. (HDS) Downgraded by Royal Bank Of Canada to “Sector Perform”
HD Supply Holdings Inc. (NASDAQ:HDS) was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday. They currently have a $35.00 price target on the stock, down from their prior price target of $43.00. Royal Bank Of Canada’s price target suggests a potential upside of 11.08% from the company’s current price.
A number of other brokerages also recently commented on HDS. Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, September 5th. Wells Fargo & Co. restated a “buy” rating on shares of HD Supply Holdings in a research note on Sunday, September 4th. Macquarie began coverage on HD Supply Holdings in a research note on Thursday, August 25th. They set an “outperform” rating and a $42.00 price objective for the company. TheStreet upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Finally, Longbow Research began coverage on HD Supply Holdings in a research report on Thursday, June 2nd. They set a “buy” rating and a $43.00 price target for the company. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.13.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.51 on Tuesday. The stock has a market cap of $6.33 billion, a PE ratio of 5.26 and a beta of 1.30. The company’s 50-day moving average price is $34.82 and its 200-day moving average price is $34.03. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $36.99.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. HD Supply Holdings’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. Analysts expect that HD Supply Holdings will post $2.55 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of HD Supply Holdings by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 8,083,836 shares of the company’s stock worth $267,334,000 after buying an additional 53,990 shares during the period. Columbia Partners L L C Investment Management raised its stake in shares of HD Supply Holdings by 33.0% in the first quarter. Columbia Partners L L C Investment Management now owns 46,411 shares of the company’s stock worth $1,534,000 after buying an additional 11,517 shares during the period. Franklin Resources Inc. raised its stake in shares of HD Supply Holdings by 1.2% in the first quarter. Franklin Resources Inc. now owns 4,018,688 shares of the company’s stock worth $132,898,000 after buying an additional 48,360 shares during the period. Prudential Financial Inc. bought a new stake in shares of HD Supply Holdings during the first quarter worth about $20,418,000. Finally, EagleClaw Capital Managment LLC bought a new stake in shares of HD Supply Holdings during the first quarter worth about $528,000. 96.86% of the stock is currently owned by institutional investors.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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