HD Supply Holdings’ (HDS) “Neutral” Rating Reaffirmed at Susquehanna Bancshares Inc

Susquehanna Bancshares Inc reaffirmed their neutral rating on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research report released on Wednesday morning, Marketbeat.com reports.

Several other equities research analysts also recently commented on HDS. ValuEngine downgraded HD Supply Holdings from a buy rating to a hold rating in a report on Wednesday, June 7th. BidaskClub downgraded HD Supply Holdings from a hold rating to a sell rating in a report on Friday, June 9th. Morgan Stanley downgraded HD Supply Holdings from an overweight rating to an equal weight rating and dropped their target price for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Royal Bank Of Canada reiterated an outperform rating and set a $39.00 target price (down from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th. Finally, Robert W. Baird downgraded HD Supply Holdings from an outperform rating to a neutral rating and dropped their target price for the company from $47.00 to $37.00 in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average target price of $40.00.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

HD Supply Holdings (NASDAQ HDS) opened at 32.38 on Wednesday. The firm has a market capitalization of $6.56 billion, a P/E ratio of 22.27 and a beta of 1.37. The stock’s 50 day moving average price is $38.24 and its 200-day moving average price is $40.88. HD Supply Holdings has a 12 month low of $30.05 and a 12 month high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by $0.02. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, analysts forecast that HD Supply Holdings will post $2.10 earnings per share for the current year.

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In other news, Chairman Joseph J. Deangelo sold 712,145 shares of HD Supply Holdings stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $40.80, for a total value of $29,055,516.00. Following the completion of the transaction, the chairman now owns 628,426 shares in the company, valued at approximately $25,639,780.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Betsy S. Atkins sold 3,096 shares of HD Supply Holdings stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $40.50, for a total value of $125,388.00. Following the completion of the transaction, the director now owns 3,868 shares of the company’s stock, valued at approximately $156,654. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,315,241 shares of company stock valued at $53,624,904. 1.16% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cortina Asset Management LLC purchased a new position in shares of HD Supply Holdings during the fourth quarter valued at approximately $203,000. Federated Investors Inc. PA raised its position in shares of HD Supply Holdings by 5.3% in the fourth quarter. Federated Investors Inc. PA now owns 607,371 shares of the industrial products company’s stock valued at $25,819,000 after buying an additional 30,324 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in shares of HD Supply Holdings during the fourth quarter valued at approximately $3,146,000. TCW Group Inc. purchased a new position in shares of HD Supply Holdings during the fourth quarter valued at approximately $437,000. Finally, Dimensional Fund Advisors LP raised its position in shares of HD Supply Holdings by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 654,197 shares of the industrial products company’s stock valued at $27,812,000 after buying an additional 8,217 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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