Analysts Set HD Supply Holdings Inc (HDS) PT at $39.73

Shares of HD Supply Holdings Inc (NASDAQ:HDS) have been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $40.82.

Several research analysts have commented on HDS shares. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BidaskClub downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Royal Bank of Canada downgraded shares of HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. ValuEngine downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Barclays started coverage on shares of HD Supply in a report on Thursday, February 15th. They set an “overweight” rating and a $44.00 price objective for the company.

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Shares of HD Supply stock opened at $38.05 on Wednesday. The firm has a market capitalization of $7,189.61, a P/E ratio of 15.14, a PEG ratio of 0.78 and a beta of 1.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $42.25.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. HD Supply’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. sell-side analysts forecast that HD Supply will post 3.16 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its position in shares of HD Supply by 3.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,342,646 shares of the industrial products company’s stock valued at $53,746,000 after buying an additional 49,223 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of HD Supply during the 3rd quarter valued at about $12,625,000. Teacher Retirement System of Texas purchased a new stake in shares of HD Supply during the 4th quarter valued at about $2,206,000. DnB Asset Management AS raised its position in shares of HD Supply by 28.6% during the 4th quarter. DnB Asset Management AS now owns 53,060 shares of the industrial products company’s stock valued at $2,124,000 after buying an additional 11,800 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of HD Supply during the 4th quarter valued at about $8,925,000. Hedge funds and other institutional investors own 96.96% of the company’s stock.

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HD Supply 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.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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