Shares of HD Supply Holdings Inc (NASDAQ:HDS) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.88.

A number of research analysts have commented on HDS shares. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Wells Fargo & Co set a $50.00 price target on shares of HD Supply and gave the company a “buy” rating in a research report on Wednesday, June 6th. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. Robert W. Baird increased their price target on shares of HD Supply from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Finally, ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th.

In other news, insider John Stegeman sold 57,200 shares of the stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the completion of the sale, the insider now owns 95,652 shares of the company’s stock, valued at $4,304,340. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jana Partners Llc sold 861,499 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $43.39, for a total value of $37,380,441.61. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in HDS. Massey Quick Simon & CO. LLC purchased a new stake in shares of HD Supply during the second quarter valued at approximately $106,000. Captrust Financial Advisors boosted its stake in shares of HD Supply by 7,921.9% during the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,535 shares during the period. Cornerstone Advisors Inc. purchased a new stake in shares of HD Supply during the second quarter valued at approximately $141,000. Twin Tree Management LP purchased a new stake in shares of HD Supply during the second quarter valued at approximately $149,000. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of HD Supply during the first quarter valued at approximately $150,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

Shares of HDS stock traded up $0.09 during trading on Thursday, hitting $42.57. The company had a trading volume of 42,261 shares, compared to its average volume of 2,174,973. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 1.30. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.25. HD Supply has a 52 week low of $34.02 and a 52 week high of $46.29.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. HD Supply’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. sell-side analysts forecast that HD Supply will post 3.3 EPS for the current fiscal year.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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