HD Supply Holdings Inc (HDS) Receives Average Rating of “Hold” from Analysts
Shares of HD Supply Holdings Inc (NASDAQ:HDS) have earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $37.80.
HDS has been the topic of several research analyst reports. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of HD Supply in a research report on Friday, November 10th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd.
A number of large investors have recently added to or reduced their stakes in HDS. Cerebellum GP LLC purchased a new position in shares of HD Supply in the 4th quarter valued at approximately $132,000. Bessemer Group Inc. grew its stake in shares of HD Supply by 849.5% in the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 3,109 shares during the last quarter. American International Group Inc. purchased a new position in shares of HD Supply in the 4th quarter valued at approximately $177,000. Massey Quick Simon & CO. LLC purchased a new position in shares of HD Supply in the 3rd quarter valued at approximately $185,000. Finally, Cadence Capital Management LLC purchased a new position in shares of HD Supply in the 4th quarter valued at approximately $215,000.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. HD Supply’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. equities analysts anticipate that HD Supply will post 2.27 earnings per share for the current fiscal year.
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HD Supply 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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