RBC Capital Markets reiterated their outperform rating on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research note issued to investors on Saturday. The firm currently has a $51.00 price target on the stock.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut HD Supply Holdings from a buy rating to a hold rating in a report on Tuesday, December 27th. Morgan Stanley upgraded HD Supply Holdings from an equal weight rating to an overweight rating and raised their price target for the company from $44.00 to $47.00 in a report on Monday, December 19th. Goldman Sachs Group, Inc. (The) upgraded HD Supply Holdings from a buy rating to a conviction-buy rating and set a $50.00 price target for the company in a report on Monday, December 12th. SunTrust Banks, Inc. cut HD Supply Holdings from a buy rating to a hold rating and set a $38.00 price target for the company. in a report on Wednesday, December 7th. Finally, Royal Bank Of Canada upgraded HD Supply Holdings from a sector perform rating to an outperform rating and raised their price target for the company from $39.00 to $50.00 in a report on Wednesday, December 7th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $42.64.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

Shares of HD Supply Holdings (NASDAQ:HDS) traded down 2.06% during trading on Friday, hitting $41.87. The company had a trading volume of 3,578,185 shares. The stock’s 50-day moving average price is $41.22 and its 200 day moving average price is $35.86. The company has a market capitalization of $8.43 billion, a P/E ratio of 8.31 and a beta of 1.40. HD Supply Holdings has a 52 week low of $21.26 and a 52 week high of $44.20.

HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Tuesday, December 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $2 billion for the quarter. HD Supply Holdings had a return on equity of 61.66% and a net margin of 13.62%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. On average, equities research analysts forecast that HD Supply Holdings will post $2.61 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Watch List News and is the propert of of Watch List News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this piece can be viewed at http://www.watchlistnews.com/hd-supply-holdings-inc-hds-given-outperform-rating-at-rbc-capital-markets/1061608.html.

In other HD Supply Holdings news, insider John Stegeman sold 7,657 shares of HD Supply Holdings stock in a transaction on Friday, December 9th. The stock was sold at an average price of $41.40, for a total transaction of $316,999.80. Following the completion of the sale, the insider now directly owns 38,483 shares of the company’s stock, valued at approximately $1,593,196.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Jana Partners LLC raised its stake in shares of HD Supply Holdings by 178.5% in the third quarter. Jana Partners LLC now owns 8,332,699 shares of the company’s stock worth $266,480,000 after buying an additional 5,340,229 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of HD Supply Holdings by 631.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,098,948 shares of the company’s stock worth $99,104,000 after buying an additional 2,675,266 shares during the period. Boston Partners purchased a new stake in shares of HD Supply Holdings during the third quarter worth $77,381,000. Fiera Capital Corp purchased a new stake in shares of HD Supply Holdings during the second quarter worth $71,330,000. Finally, Pictet Asset Management Ltd. raised its stake in shares of HD Supply Holdings by 187.7% in the second quarter. Pictet Asset Management Ltd. now owns 2,107,362 shares of the company’s stock worth $74,390,000 after buying an additional 1,374,876 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:HDS

Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.