Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) have earned a consensus rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.75.

Several analysts recently commented on HDS shares. Morgan Stanley downgraded shares of HD Supply Holdings from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $46.00 to $36.00 in a report on Wednesday, June 7th. Deutsche Bank AG downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a report on Friday, June 9th. Drexel Hamilton downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and reduced their target price for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. Longbow Research downgraded shares of HD Supply Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $39.00 target price (down previously from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th.

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Institutional investors have recently modified their holdings of the business. Alps Advisors Inc. raised its position in shares of HD Supply Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock valued at $358,000 after buying an additional 30 shares in the last quarter. World Asset Management Inc raised its position in shares of HD Supply Holdings by 0.4% in the 2nd quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock valued at $278,000 after buying an additional 33 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of HD Supply Holdings by 1.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares in the last quarter. Cadence Capital Management LLC raised its position in shares of HD Supply Holdings by 0.9% in the 1st quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock valued at $251,000 after buying an additional 53 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of HD Supply Holdings by 0.4% in the 1st quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock valued at $651,000 after buying an additional 61 shares in the last quarter.

Shares of HD Supply Holdings (NASDAQ:HDS) traded up 0.6947% on Friday, hitting $33.4407. 1,385,229 shares of the stock were exchanged. The company has a 50-day moving average price of $31.94 and a 200-day moving average price of $35.95. HD Supply Holdings has a one year low of $28.97 and a one year high of $44.73. The firm has a market capitalization of $6.24 billion, a PE ratio of 10.5624 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. HD Supply Holdings’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts expect that HD Supply Holdings will post $2.21 earnings per share for the current year.

HD Supply Holdings announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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