HD Supply Holdings, Inc. (NASDAQ:HDS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

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. “

A number of other research analysts have also weighed in on the stock. Robert W. Baird lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.00 price target on shares of HD Supply Holdings in a report on Wednesday, August 16th. BidaskClub downgraded shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada cut their price target on shares of HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. HD Supply Holdings has a consensus rating of “Hold” and an average target price of $38.14.

Shares of HD Supply Holdings (NASDAQ HDS) traded down 0.09% during mid-day trading on Monday, hitting $33.42. The stock had a trading volume of 2,922,455 shares. HD Supply Holdings has a 1-year low of $28.97 and a 1-year high of $44.73. The firm’s 50 day moving average price is $31.76 and its 200 day moving average price is $36.33. The company has a market cap of $6.77 billion, a P/E ratio of 22.98 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that HD Supply Holdings will post $2.20 earnings per share for the current fiscal year.

HD Supply Holdings announced that its board has authorized a stock repurchase program on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of 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 acquiring an additional 4,162,500 shares during the period. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 383,895 shares during the period. BlackRock Inc. increased its position in shares of 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 acquiring an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT increased its position in shares of 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 acquiring an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC increased its position in shares of 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 acquiring an additional 850,562 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

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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