HDS has been the subject of a number of other research reports. Zacks Investment Research cut shares of HD Supply Holdings from a buy rating to a hold rating in a research report on Thursday, June 9th. RBC Capital Markets cut shares of HD Supply Holdings from an outperform rating to a sector perform rating and cut their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, September 20th. Royal Bank Of Canada cut their target price on shares of HD Supply Holdings from $49.00 to $43.00 and set an outperform rating for the company in a research report on Thursday, September 8th. Macquarie began coverage on shares of HD Supply Holdings in a research report on Thursday, August 25th. They set an outperform rating and a $42.00 target price for the company. Finally, TheStreet upgraded shares of HD Supply Holdings from a hold rating to a buy rating in a research report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $37.60.
HD Supply Holdings (NASDAQ:HDS) traded down 0.43% during trading on Thursday, hitting $32.59. 1,221,924 shares of the company were exchanged. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 5.44 and a beta of 1.33. The company has a 50-day moving average of $33.25 and a 200-day moving average of $34.17. HD Supply Holdings has a 12 month low of $21.26 and a 12 month high of $36.99.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. Analysts forecast that HD Supply Holdings will post $2.55 EPS for the current year.
In other HD Supply Holdings news, Chairman Joseph J. Deangelo acquired 32,100 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was bought at an average cost of $31.07 per share, for a total transaction of $997,347.00. Following the completion of the purchase, the chairman now directly owns 242,782 shares in the company, valued at $7,543,236.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of HD Supply Holdings during the second quarter valued at $107,000. Glenmede Trust Co. NA increased its position in shares of HD Supply Holdings by 14.6% in the second quarter. Glenmede Trust Co. NA now owns 3,794 shares of the company’s stock valued at $131,000 after buying an additional 484 shares during the period. Shell Asset Management Co. purchased a new position in shares of HD Supply Holdings during the second quarter valued at $132,000. Toronto Dominion Bank increased its position in shares of HD Supply Holdings by 0.3% in the second quarter. Toronto Dominion Bank now owns 4,029 shares of the company’s stock valued at $141,000 after buying an additional 11 shares during the period. Finally, Cantab Capital Partners LLP increased its position in shares of HD Supply Holdings by 92.7% in the second quarter. Cantab Capital Partners LLP now owns 4,365 shares of the company’s stock valued at $152,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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