HD Supply Holdings, Inc. (NASDAQ:HDS) had its price target upped by Royal Bank Of Canada from $39.00 to $41.00 in a report released on Wednesday morning. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research firms have also issued reports on HDS. ValuEngine lowered HD Supply Holdings from a buy rating to a hold rating in a report on Wednesday, June 7th. Morgan Stanley lowered HD Supply Holdings from an overweight rating to an equal weight rating and dropped their target price for the stock from $46.00 to $36.00 in a report on Wednesday, June 7th. Drexel Hamilton lowered HD Supply Holdings from a buy rating to a hold rating and dropped their target price for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. Robert W. Baird lowered HD Supply Holdings from an outperform rating to a neutral rating and dropped their target price for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Finally, BidaskClub upgraded HD Supply Holdings from a strong sell rating to a sell rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. HD Supply Holdings presently has a consensus rating of Hold and an average target price of $38.38.

HD Supply Holdings (HDS) opened at 32.75 on Wednesday. HD Supply Holdings has a 1-year low of $28.97 and a 1-year high of $44.73. The stock’s 50 day moving average is $31.14 and its 200-day moving average is $37.15. The firm has a market cap of $6.64 billion, a P/E ratio of 22.52 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that HD Supply Holdings will post $2.11 EPS for the current year.

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HD Supply Holdings declared that its board has approved a stock repurchase plan on Tuesday, June 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Large investors have recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of HD Supply Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock worth $358,000 after buying an additional 30 shares in the last quarter. World Asset Management Inc increased its stake in shares of HD Supply Holdings by 0.4% in the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock worth $278,000 after buying an additional 33 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock worth $123,000 after buying an additional 49 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of HD Supply Holdings by 0.9% in the first quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock worth $251,000 after buying an additional 53 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of HD Supply Holdings by 0.4% in the first quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock worth $651,000 after buying an additional 61 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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