HD Supply Holdings Inc. (HDS) Price Target Increased to $43.00 by Analysts at KeyCorp
A number of other equities research analysts have also weighed in on HDS. Zacks Investment Research lowered HD Supply Holdings from a buy rating to a hold rating and set a $40.00 price objective on the stock. in a research report on Tuesday, August 9th. Macquarie initiated coverage on HD Supply Holdings in a research report on Thursday, August 25th. They set an outperform rating and a $42.00 price objective on the stock. Wells Fargo & Co. restated a buy rating on shares of HD Supply Holdings in a research report on Sunday, September 4th. Royal Bank Of Canada reduced their price objective on HD Supply Holdings from $49.00 to $43.00 and set an outperform rating on the stock in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reduced their price objective on HD Supply Holdings from $35.00 to $33.00 and set a neutral rating on the stock in a research report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $38.64.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 38.49 on Tuesday. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 6.43 and a beta of 1.29. The stock’s 50 day moving average price is $34.49 and its 200-day moving average price is $34.45. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $39.68.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts forecast that HD Supply Holdings will post $2.56 EPS for the current year.
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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.
Institutional investors have recently added to or reduced their stakes in the stock. Jana Partners LLC raised its position in HD Supply Holdings by 178.5% in the third quarter. Jana Partners LLC now owns 8,332,699 shares of the company’s stock valued at $266,480,000 after buying an additional 5,340,229 shares in the last quarter. Iridian Asset Management LLC CT acquired a new position in HD Supply Holdings during the second quarter valued at about $127,038,000. Adage Capital Partners GP L.L.C. raised its position in HD Supply Holdings by 631.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,098,948 shares of the company’s stock valued at $99,104,000 after buying an additional 2,675,266 shares in the last quarter. Boston Partners acquired a new position in HD Supply Holdings during the third quarter valued at about $77,381,000. Finally, Fiera Capital Corp acquired a new position in HD Supply Holdings during the second quarter valued at about $71,330,000. 98.50% of the stock is owned by institutional investors.
About HD Supply Holdings
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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