HD Supply Holdings, Inc. (NASDAQ:HDS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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 a number of other reports. Longbow Research cut HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. ValuEngine cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Robert W. Baird cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $37.00 in a research note on Wednesday, June 7th. J P Morgan Chase & Co raised HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 target price on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $39.00 target price (down from $53.00) on shares of HD Supply Holdings in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.23.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.52 on Thursday. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 21.68 and a beta of 1.41. HD Supply Holdings has a 12 month low of $28.97 and a 12 month high of $44.73. The stock has a 50 day moving average of $31.14 and a 200-day moving average of $37.15.
HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. HD Supply Holdings’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, analysts forecast that HD Supply Holdings will post $2.10 EPS for the current year.
HD Supply Holdings announced that its board has approved a stock repurchase plan on Tuesday, June 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of HD Supply Holdings during the second quarter valued at about $129,000. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HD Supply Holdings during the first quarter valued at about $136,000. 97.32% of the stock is currently owned by 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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