HD Supply Holdings Inc (NASDAQ:HDS) – Analysts at Northcoast Research issued their Q2 2020 earnings estimates for HD Supply in a note issued to investors on Wednesday, June 12th. Northcoast Research analyst T. Hayes forecasts that the industrial products company will earn $1.11 per share for the quarter. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for HD Supply’s Q3 2020 earnings at $1.03 EPS and Q4 2020 earnings at $0.59 EPS.

Other equities research analysts have also issued reports about the company. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, June 3rd. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, May 22nd. Wells Fargo & Co lowered their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $47.54.

Shares of HDS stock opened at $40.02 on Thursday. The company has a market capitalization of $6.84 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. HD Supply had a return on equity of 42.24% and a net margin of 6.70%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS.

A number of large investors have recently made changes to their positions in HDS. Boston Partners raised its stake in HD Supply by 780.5% during the fourth quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock valued at $161,437,000 after buying an additional 3,814,025 shares during the last quarter. FMR LLC raised its stake in HD Supply by 18.4% during the fourth quarter. FMR LLC now owns 20,846,482 shares of the industrial products company’s stock valued at $782,159,000 after buying an additional 3,243,867 shares during the last quarter. Norges Bank purchased a new position in HD Supply during the fourth quarter valued at $83,789,000. APG Asset Management N.V. raised its stake in HD Supply by 192.8% during the fourth quarter. APG Asset Management N.V. now owns 1,692,000 shares of the industrial products company’s stock valued at $55,534,000 after buying an additional 1,114,100 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in HD Supply by 5.1% during the third quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after buying an additional 864,941 shares during the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.

In other news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $44.70, for a total value of $67,050.00. Following the completion of the transaction, the chief financial officer now owns 35,961 shares in the company, valued at approximately $1,607,456.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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