Shares of HD Supply Holdings Inc. (NASDAQ:HDS) have been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.58.

HDS has been the topic of several research analyst reports. Zacks Investment Research cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co. restated a “buy” rating on shares of HD Supply Holdings in a report on Sunday, September 4th. Morgan Stanley set a $35.00 price target on shares of HD Supply Holdings and gave the company a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. lowered their price target on shares of HD Supply Holdings from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. Finally, SunTrust Banks Inc. decreased their price objective on shares of HD Supply Holdings from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, September 8th.

In related news, Chairman Joseph J. Deangelo acquired 32,100 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average price of $31.07 per share, with a total value of $997,347.00. Following the completion of the transaction, the chairman now owns 242,782 shares of the company’s stock, valued at $7,543,236.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in HD Supply Holdings by 13.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 47,539 shares of the company’s stock valued at $1,520,000 after buying an additional 5,537 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in HD Supply Holdings during the third quarter valued at about $282,000. Cornerstone Capital Management Holdings LLC. raised its position in HD Supply Holdings by 127.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 454,168 shares of the company’s stock valued at $14,524,000 after buying an additional 254,817 shares during the period. Verition Fund Management LLC raised its position in HD Supply Holdings by 27.8% in the third quarter. Verition Fund Management LLC now owns 49,234 shares of the company’s stock valued at $1,575,000 after buying an additional 10,706 shares during the period. Finally, Three Corner Global Investors LP raised its position in HD Supply Holdings by 31.5% in the third quarter. Three Corner Global Investors LP now owns 743,500 shares of the company’s stock valued at $23,777,000 after buying an additional 178,000 shares during the period. 94.77% of the stock is owned by hedge funds and other institutional investors.

HD Supply Holdings (NASDAQ:HDS) opened at 38.35 on Monday. The firm has a 50-day moving average price of $33.44 and a 200 day moving average price of $34.22. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $38.73. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 6.41 and a beta of 1.29.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing the consensus estimate 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 had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that HD Supply Holdings will post $2.56 EPS for the current year.

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.

5 Day Chart for NASDAQ:HDS

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