HD Supply Holdings, Inc. (HDS) Given Outperform Rating at RBC Capital Markets
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.
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.
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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.
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