HD Supply Holdings, Inc. (HDS) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “
A number of other analysts have also weighed in on HDS. Longbow Research lowered HD Supply Holdings from a buy rating to a neutral rating in a research report on Monday, July 10th. Wells Fargo & Company reaffirmed an outperform rating and set a $40.00 price objective (down previously from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. J P Morgan Chase & Co raised HD Supply Holdings from a neutral rating to an overweight rating and set a $36.00 price objective on the stock in a research report on Friday, July 14th. BidaskClub raised HD Supply Holdings from a strong sell rating to a sell rating in a research report on Monday, July 24th. Finally, Northcoast Research started coverage on HD Supply Holdings in a research report on Tuesday, July 25th. They set a neutral rating on the stock. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $38.71.
HD Supply Holdings (NASDAQ HDS) traded down $0.14 during trading hours on Tuesday, reaching $35.67. The company’s stock had a trading volume of 944,633 shares, compared to its average volume of 2,735,822. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. 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 $6,690.00, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.
HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. equities analysts predict that HD Supply Holdings will post 2.21 earnings per share for the current fiscal year.
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HD Supply Holdings declared that its board has initiated a stock repurchase plan on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after buying an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of HD Supply Holdings during the second quarter worth about $129,000. Barrett Asset Management LLC acquired a new stake in shares of HD Supply Holdings during the second quarter worth about $161,000. Pinebridge Investments L.P. boosted its stake in shares of HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of HD Supply Holdings during the second quarter worth about $181,000.
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.
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