ValuEngine upgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a hold rating to a buy rating in a research report report published on Monday morning.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of HD Supply Holdings from a strong sell rating to a buy rating and set a $36.00 price objective on the stock in a report on Tuesday, August 8th. BidaskClub upgraded shares of HD Supply Holdings from a hold rating to a buy rating in a report on Thursday, September 28th. Morgan Stanley downgraded shares of HD Supply Holdings from an overweight rating to an equal weight rating and dropped their price objective 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 price objective on the stock. in a report on Friday, June 9th. Finally, Drexel Hamilton downgraded shares of HD Supply Holdings from a buy rating to a hold rating and dropped their price objective for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $38.21.

Shares of HD Supply Holdings (HDS) traded down 0.32% during mid-day trading on Monday, hitting $36.84. The stock had a trading volume of 400,505 shares. The stock has a market cap of $6.88 billion, a P/E ratio of 11.64 and a beta of 1.41. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The stock has a 50-day moving average price of $33.37 and a 200 day moving average price of $35.42.

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 firm had revenue of $1.35 billion for 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%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, equities analysts forecast that HD Supply Holdings will post $2.21 EPS for the current fiscal year.

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HD Supply Holdings announced that its board has authorized a share buyback plan on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in HD Supply Holdings by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after acquiring an additional 4,162,500 shares during the period. Vanguard Group Inc. increased its stake in HD Supply Holdings by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after acquiring an additional 383,895 shares during the period. BlackRock Inc. increased its stake in HD Supply Holdings by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after acquiring an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT increased its stake in HD Supply Holdings by 84.7% in the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after acquiring an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC increased its stake in HD Supply Holdings by 16.0% in the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after acquiring an additional 850,562 shares during the period.

HD Supply Holdings Company Profile

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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Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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