HD Supply Holdings Inc. (HDS) Rating Increased to Buy at Zacks Investment Research
HD Supply Holdings Inc. (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $43.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 12.15% from the stock’s previous close.
According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “
Other analysts have also issued reports about the company. RBC Capital Markets set a $38.00 target price on HD Supply Holdings and gave the stock a “hold” rating in a report on Tuesday, October 25th. Royal Bank Of Canada dropped their price objective on HD Supply Holdings from $49.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Macquarie assumed coverage on HD Supply Holdings in a report on Thursday, August 25th. They issued an “outperform” rating and a $42.00 price objective on the stock. TheStreet raised HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, William Blair reissued an “outperform” rating on shares of HD Supply Holdings in a report on Thursday, October 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. HD Supply Holdings currently has an average rating of “Buy” and a consensus price target of $38.14.
HD Supply Holdings (NASDAQ:HDS) opened at 38.34 on Wednesday. HD Supply Holdings has a 12-month low of $21.26 and a 12-month high of $38.73. The stock has a market capitalization of $7.71 billion, a PE ratio of 6.40 and a beta of 1.29. The company has a 50-day moving average price of $33.25 and a 200-day moving average price of $34.20.
HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.03. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that HD Supply Holdings will post $2.56 earnings per share for the current fiscal year.
In other news, Chairman Joseph J. Deangelo acquired 32,100 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were purchased at an average price of $31.07 per share, for a total transaction of $997,347.00. Following the acquisition, the chairman now owns 242,782 shares of the company’s stock, valued at $7,543,236.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Columbus Circle Investors increased its stake in HD Supply Holdings by 34.9% in the second quarter. Columbus Circle Investors now owns 493,612 shares of the company’s stock valued at $17,188,000 after buying an additional 127,785 shares in the last quarter. Intermede Investment Partners Ltd increased its stake in HD Supply Holdings by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 1,095,332 shares of the company’s stock valued at $38,139,000 after buying an additional 22,179 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in HD Supply Holdings by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 308,562 shares of the company’s stock valued at $10,744,000 after buying an additional 986 shares in the last quarter. Bank of New York Mellon Corp increased its stake in HD Supply Holdings by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 7,311,384 shares of the company’s stock valued at $254,582,000 after buying an additional 861,307 shares in the last quarter. Finally, Rail Splitter Capital Management LLC purchased a new stake in HD Supply Holdings during the second quarter valued at about $15,076,000. Hedge funds and other institutional investors own 94.77% of the company’s stock.
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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