Somewhat Positive Media Coverage Very Likely to Impact HD Supply Holdings (HDS) Stock Price
Press coverage about HD Supply Holdings (NASDAQ:HDS) has trended somewhat positive on Friday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HD Supply Holdings earned a news sentiment score of 0.05 on AlphaOne’s scale. AlphaOne also assigned media headlines about the industrial products company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted AlphaOne Sentiment’s scoring:
- HD Supply Holdings Inc (NASDAQ:HDS) & Anadarko Petroleum Corporation (NYSE:APC) Stocks Buzz – Daily News Journal (journalfinance.net)
- Worth Watching Stocks: TherapeuticsMD Inc (NYSEMKT:TXMD), HD Supply Holdings Inc (NASDAQ:HDS), Allison … – Wall Street Times (press release) (wallstreetnews24.com)
- HD Supply Holdings (HDS) Earns Daily News Impact Rating of 0.36 (americanbankingnews.com)
- HD Supply Holdings Inc (HDS) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- HD Supply Holdings Inc (HDS) Shares Sold by Highland Capital Management LLC (brazilbusiness.einnews.com)
Shares of HD Supply Holdings (NASDAQ:HDS) traded up 0.38% during midday trading on Friday, hitting $39.92. The stock had a trading volume of 1,678,664 shares. The firm has a market capitalization of $8.04 billion, a PE ratio of 41.15 and a beta of 1.39. The firm’s 50-day moving average price is $40.96 and its 200-day moving average price is $39.60. HD Supply Holdings has a one year low of $30.05 and a one year high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, March 14th. The industrial products company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. HD Supply Holdings had a return on equity of 61.66% and a net margin of 13.62%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, equities analysts predict that HD Supply Holdings will post $3.35 EPS for the current year.
Several analysts have recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $53.00 price objective on shares of HD Supply Holdings in a report on Tuesday, April 11th. Zacks Investment Research lowered HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of HD Supply Holdings in a report on Thursday, March 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.90.
In other news, Chairman Joseph J. Deangelo sold 712,145 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $40.80, for a total value of $29,055,516.00. Following the sale, the chairman now directly owns 628,426 shares in the company, valued at $25,639,780.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Betsy S. Atkins sold 3,096 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $40.50, for a total value of $125,388.00. Following the completion of the sale, the director now owns 3,868 shares in the company, valued at $156,654. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,346,620 shares of company stock worth $54,958,455. Corporate insiders own 0.98% of the company’s stock.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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.
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