Brokerages forecast that HD Supply Holdings, Inc. (NASDAQ:HDS) will report sales of $1.35 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for HD Supply Holdings’ earnings. The lowest sales estimate is $1.34 billion and the highest is $1.35 billion. HD Supply Holdings reported sales of $2.02 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.2%. The firm is expected to issue its next quarterly earnings results on Wednesday, September 6th.

According to Zacks, analysts expect that HD Supply Holdings will report full year sales of $1.35 billion for the current year, with estimates ranging from $5.02 billion to $5.07 billion. For the next financial year, analysts expect that the business will report sales of $5.32 billion per share, with estimates ranging from $5.19 billion to $5.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow HD Supply Holdings.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year.

HDS has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of HD Supply Holdings in a report on Tuesday, April 11th. UBS AG upgraded HD Supply Holdings to an “outperform” rating and set a $44.00 target price for the company in a report on Wednesday, April 19th. Raymond James Financial, Inc. upgraded HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Friday, April 21st. Robert W. Baird cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Finally, Drexel Hamilton cut HD Supply Holdings from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $37.00 in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.50.

A number of large investors have recently modified their holdings of the stock. Creative Planning raised its stake in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after buying an additional 500 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake 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 worth $121,000 after buying an additional 2,900 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake 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 worth $123,000 after buying an additional 49 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of HD Supply Holdings during the second quarter worth $129,000. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of HD Supply Holdings during the first quarter worth $136,000. 96.83% of the stock is owned by institutional investors and hedge funds.

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Shares of HD Supply Holdings (HDS) opened at 31.59 on Friday. HD Supply Holdings has a 12 month low of $28.97 and a 12 month high of $44.73. The firm has a 50-day moving average price of $31.34 and a 200 day moving average price of $38.52. The company has a market cap of $6.40 billion, a P/E ratio of 21.73 and a beta of 1.41.

HD Supply Holdings announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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