HD Supply Holdings Inc. (HDS) Rating Lowered to Sector Perform at RBC Capital Markets
HD Supply Holdings Inc. (NASDAQ:HDS) was downgraded by equities research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They presently have a $35.00 target price on the stock, down from their prior target price of $43.00. RBC Capital Markets’ target price would suggest a potential upside of 11.08% from the company’s current price.
A number of other analysts have also recently commented on HDS. Royal Bank Of Canada cut shares of HD Supply Holdings from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $43.00 to $35.00 in a report on Tuesday. Wells Fargo & Co. reaffirmed a “buy” rating on shares of HD Supply Holdings in a report on Sunday, September 4th. Longbow Research began coverage on shares of HD Supply Holdings in a report on Thursday, June 2nd. They set a “buy” rating and a $43.00 target price for the company. Bank of America Corp. reaffirmed a “buy” rating on shares of HD Supply Holdings in a report on Wednesday, September 14th. Finally, Morgan Stanley set a $35.00 target price on shares of HD Supply Holdings and gave the company a “hold” rating in a report on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of “Buy” and an average target price of $37.60.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.51 on Tuesday. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $36.99. The stock has a market cap of $6.33 billion, a PE ratio of 5.26 and a beta of 1.30. The stock’s 50 day moving average is $34.82 and its 200 day moving average is $34.03.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that HD Supply Holdings will post $2.55 earnings per share for the current year.
Several institutional investors have recently modified their holdings of HDS. Advisory Services Network LLC bought a new position in shares of HD Supply Holdings during the second quarter worth $107,000. Glenmede Trust Co. NA raised its position in shares of HD Supply Holdings by 14.6% in the second quarter. Glenmede Trust Co. NA now owns 3,794 shares of the company’s stock worth $131,000 after buying an additional 484 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of HD Supply Holdings during the second quarter worth $132,000. Toronto Dominion Bank raised its position in shares of HD Supply Holdings by 0.3% in the second quarter. Toronto Dominion Bank now owns 4,029 shares of the company’s stock worth $141,000 after buying an additional 11 shares in the last quarter. Finally, Cantab Capital Partners LLP raised its position in shares of HD Supply Holdings by 92.7% in the second quarter. Cantab Capital Partners LLP now owns 4,365 shares of the company’s stock worth $152,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.
About HD Supply Holdings
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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