HD Supply Holdings Inc. (HDS) Receives $37.15 Consensus PT from Analysts
HD Supply Holdings Inc. (NASDAQ:HDS) has received a consensus recommendation of “Buy” from the twenty analysts that are presently covering the company. Six research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $37.15.
A number of research firms have commented on HDS. Wells Fargo & Co. reiterated a “buy” rating on shares of HD Supply Holdings in a research report on Sunday, September 4th. Bank of America Corp. reissued a “buy” rating on shares of HD Supply Holdings in a research note on Wednesday, September 14th. RBC Capital Markets reissued an “outperform” rating and issued a $43.00 price objective (down from $49.00) on shares of HD Supply Holdings in a research note on Thursday, September 8th. Morgan Stanley set a $35.00 price objective on HD Supply Holdings and gave the company a “hold” rating in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. dropped their price objective on HD Supply Holdings from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th.
HD Supply Holdings (NASDAQ:HDS) opened at 31.59 on Monday. The firm has a 50-day moving average price of $32.78 and a 200-day moving average price of $34.18. The company has a market capitalization of $6.35 billion, a P/E ratio of 5.28 and a beta of 1.33. HD Supply Holdings has a 1-year low of $21.26 and a 1-year high of $36.99.
HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The company earned $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts forecast that HD Supply Holdings will post $2.55 EPS for the current fiscal year.
In related news, Chairman Joseph J. Deangelo acquired 32,100 shares of the stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average cost of $31.07 per share, with a total value of $997,347.00. Following the completion of the purchase, the chairman now directly owns 242,782 shares in the company, valued at approximately $7,543,236.74. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in HD Supply Holdings during the second quarter valued at about $107,000. Creative Planning raised its position in HD Supply Holdings by 378.2% in the third quarter. Creative Planning now owns 3,400 shares of the company’s stock valued at $109,000 after buying an additional 2,689 shares in the last quarter. Glenmede Trust Co. NA raised its position in 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 in the last quarter. Shell Asset Management Co. acquired a new position in HD Supply Holdings during the second quarter valued at about $132,000. Finally, Toronto Dominion Bank raised its position in 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 in the last quarter. 96.64% of the stock is owned by institutional investors.
HD Supply Holdings Company Profile
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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