William Blair Reiterates “Outperform” Rating for HD Supply Holdings Inc. (HDS)
HD Supply Holdings Inc. (NASDAQ:HDS)‘s stock had its “outperform” rating reaffirmed by William Blair in a research note issued on Thursday.
Several other research analysts also recently issued reports on the stock. RBC Capital Markets downgraded shares of HD Supply Holdings from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $43.00 to $35.00 in a research report on Tuesday, September 20th. Royal Bank Of Canada downgraded shares of HD Supply Holdings from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $43.00 to $35.00 in a research report on Tuesday, September 20th. Bank of America Corp. reissued a “buy” rating on shares of HD Supply Holdings in a report on Wednesday, September 14th. 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. Finally, Zacks Investment Research cut HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.60.
HD Supply Holdings (NASDAQ:HDS) opened at 32.72 on Thursday. The firm has a market capitalization of $6.58 billion, a PE ratio of 5.47 and a beta of 1.34. HD Supply Holdings has a one year low of $21.26 and a one year high of $36.99. The firm has a 50 day moving average of $33.15 and a 200 day moving average of $34.18.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. Equities analysts forecast that HD Supply Holdings will post $2.55 EPS for the current year.
In other news, Chairman Joseph J. Deangelo purchased 32,100 shares of HD Supply Holdings stock in a transaction on Thursday, September 22nd. The stock was purchased at an average price of $31.07 per share, with a total value of $997,347.00. Following the transaction, the chairman now directly owns 242,782 shares in the company, valued at approximately $7,543,236.74. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT bought a new stake in HD Supply Holdings during the second quarter valued at approximately $127,038,000. Jana Partners LLC bought a new stake in HD Supply Holdings during the first quarter valued at approximately $96,256,000. Fiera Capital Corp bought a new stake in HD Supply Holdings during the second quarter valued at approximately $71,330,000. Pictet Asset Management Ltd. increased its stake in HD Supply Holdings by 187.7% in the second quarter. Pictet Asset Management Ltd. now owns 2,107,362 shares of the company’s stock valued at $74,390,000 after buying an additional 1,374,876 shares during the last quarter. Finally, FMR LLC increased its stake in HD Supply Holdings by 6.7% in the second quarter. FMR LLC now owns 20,884,747 shares of the company’s stock valued at $727,207,000 after buying an additional 1,311,919 shares during the last quarter. 96.64% of the stock is owned by institutional investors.
About HD Supply Holdings
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.
Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.