HD Supply Holdings, Inc. (HDS) Earns “Equal Weight” Rating from Morgan Stanley
HD Supply Holdings, Inc. (NASDAQ:HDS)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a research note issued to investors on Monday, Marketbeat reports. They presently have a $38.00 target price on the industrial products company’s stock, up from their previous target price of $37.00. Morgan Stanley’s target price would indicate a potential upside of 2.93% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Robert W. Baird downgraded shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $47.00 to $37.00 in a research report on Wednesday, June 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $35.00 price objective on shares of HD Supply Holdings in a research note on Wednesday, August 16th. BidaskClub lowered HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Friday, August 25th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.21.
Shares of HD Supply Holdings (HDS) traded down 0.745% on Monday, hitting $36.645. 1,298,544 shares of the stock traded hands. The company has a market cap of $6.84 billion, a PE ratio of 11.575 and a beta of 1.41. HD Supply Holdings has a one year low of $28.97 and a one year high of $44.73. The stock has a 50 day moving average of $33.06 and a 200 day moving average of $35.45.
HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities analysts anticipate that HD Supply Holdings will post $2.21 earnings per share for the current year.
HD Supply Holdings declared that its Board of Directors has approved a stock 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
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Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in HD Supply Holdings by 17,050.5% in the first quarter. BlackRock Inc. now owns 8,197,945 shares of the industrial products company’s stock valued at $337,140,000 after acquiring an additional 8,150,145 shares during the last quarter. FMR LLC grew its holdings in shares of HD Supply Holdings by 16.4% during the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock worth $905,504,000 after purchasing an additional 4,162,500 shares during the last quarter. OZ Management LP purchased a new position in shares of HD Supply Holdings during the second quarter worth about $117,147,000. Iridian Asset Management LLC CT grew its holdings in shares of HD Supply Holdings by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock worth $200,420,000 after purchasing an additional 3,000,390 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. grew its holdings in shares of HD Supply Holdings by 153.7% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,883,550 shares of the industrial products company’s stock worth $57,693,000 after purchasing an additional 1,141,225 shares during the last quarter.
About HD Supply Holdings
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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