HD Supply Holdings Inc. (HDS) Cut to “Sector Perform” at RBC Capital Markets
RBC Capital Markets lowered shares of HD Supply Holdings Inc. (NASDAQ:HDS) from an outperform rating to a sector perform rating in a report issued on Tuesday morning. The firm currently has $35.00 target price on the stock, down from their prior target price of $43.00.
Several other brokerages have also weighed in on HDS. Zacks Investment Research upgraded HD Supply Holdings from a hold rating to a buy rating and set a $41.00 price target for the company in a research note on Monday, September 5th. Wells Fargo & Co. reiterated a buy rating on shares of HD Supply Holdings in a report on Sunday, September 4th. Morgan Stanley set a $35.00 price objective on HD Supply Holdings and gave the stock a hold rating in a report on Thursday, September 8th. JPMorgan Chase & Co. lowered their price objective on HD Supply Holdings from $35.00 to $33.00 and set a neutral rating on the stock in a report on Thursday, September 8th. Finally, SunTrust Banks Inc. lowered their price objective on HD Supply Holdings from $42.00 to $38.00 and set a buy rating on the stock in a report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. HD Supply Holdings has an average rating of Buy and an average price target of $37.60.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.14 on Tuesday. The stock has a 50 day moving average price of $34.44 and a 200 day moving average price of $34.00. HD Supply Holdings has a one year low of $21.26 and a one year high of $36.99. The stock has a market capitalization of $6.26 billion, a P/E ratio of 5.20 and a beta of 1.30.
HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The business earned $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. HD Supply Holdings’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts forecast that HD Supply Holdings will post $2.55 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in HD Supply Holdings during the second quarter valued at approximately $107,000. Glenmede Trust Co. NA raised its position in HD Supply Holdings by 14.6% in the second quarter. Glenmede Trust Co. NA now owns 3,794 shares of the company’s stock valued at $131,000 after buying an additional 484 shares during the period. Shell Asset Management Co. acquired a new position in HD Supply Holdings during the second quarter valued at approximately $132,000. Toronto Dominion Bank raised its position in HD Supply Holdings by 0.3% in the second quarter. Toronto Dominion Bank now owns 4,029 shares of the company’s stock valued at $141,000 after buying an additional 11 shares during the period. Finally, Cantab Capital Partners LLP raised its position in HD Supply Holdings by 92.7% in the second quarter. Cantab Capital Partners LLP now owns 4,365 shares of the company’s stock valued at $152,000 after buying an additional 2,100 shares during the period. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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