Zacks Investment Research downgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a buy rating to a hold rating in a report published on Friday.

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. “

HDS has been the topic of several other research reports. Longbow Research lowered shares of HD Supply Holdings from a buy rating to a neutral rating in a research note on Monday, July 10th. ValuEngine lowered shares of HD Supply Holdings from a buy rating to a hold rating in a research note on Wednesday, June 7th. Robert W. Baird lowered shares of HD Supply Holdings from an outperform rating to a neutral rating and reduced their price objective for the stock from $47.00 to $37.00 in a research note on Wednesday, June 7th. J P Morgan Chase & Co raised shares of HD Supply Holdings from a neutral rating to an overweight rating and set a $36.00 price objective on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued an outperform rating and set a $39.00 price objective (down previously from $53.00) on shares of HD Supply Holdings in a research note on Wednesday, June 7th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $38.62.

Shares of HD Supply Holdings (NASDAQ:HDS) opened at 33.02 on Friday. The stock’s 50 day moving average is $31.48 and its 200-day moving average is $36.76. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 22.71 and a beta of 1.40. HD Supply Holdings has a 12-month low of $28.97 and a 12-month high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share 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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that HD Supply Holdings will post $2.11 EPS for the current fiscal year.

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HD Supply Holdings declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in HD Supply Holdings by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after buying an additional 4,162,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in HD Supply Holdings by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after buying an additional 383,895 shares in the last quarter. BlackRock Inc. lifted its stake in HD Supply Holdings by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after buying an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT lifted its stake in HD Supply Holdings by 84.7% in the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after buying an additional 3,000,390 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its stake in HD Supply Holdings by 16.0% in the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after buying an additional 850,562 shares in the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

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