HD Supply Holdings, Inc. (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $41.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.45% from the company’s current price.

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 subject of a number of other research reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.00 price objective on shares of HD Supply Holdings in a report on Wednesday, August 16th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. BidaskClub cut shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. ValuEngine upgraded shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price target (up previously from $37.00) on shares of HD Supply Holdings in a report on Monday, October 2nd. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.71.

HD Supply Holdings (HDS) opened at 36.14 on Monday. The company has a market capitalization of $6.75 billion, a PE ratio of 11.42 and a beta of 1.41. The stock has a 50 day moving average of $33.88 and a 200 day moving average of $35.29. 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 posted its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. The business had revenue of $1.35 billion during 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%. HD Supply Holdings’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts predict that HD Supply Holdings will post $2.21 EPS for the current year.

HD Supply Holdings announced that its board has initiated a stock buyback program on Tuesday, August 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 3,221 shares in the last quarter. Creative Planning raised its position in HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 500 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in HD Supply Holdings during the second quarter worth $129,000. Barrett Asset Management LLC bought a new stake in HD Supply Holdings during the second quarter worth $161,000. Finally, Pinebridge Investments L.P. raised its position in HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 3,400 shares in 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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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