Zacks Investment Research cut shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a buy rating to a hold rating in a research note published on Monday.

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 subject of several other reports. Robert W. Baird cut shares of HD Supply Holdings from an outperform rating to a neutral rating and decreased their price objective for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. Drexel Hamilton cut shares of HD Supply Holdings from a buy rating to a hold rating and decreased their price objective for the company from $50.00 to $37.00 in a research note on Wednesday, June 7th. Royal Bank Of Canada restated an outperform rating and set a $39.00 price objective (down from $53.00) on shares of HD Supply Holdings in a research note on Wednesday, June 7th. Morgan Stanley cut shares of HD Supply Holdings from an overweight rating to an equal weight rating and decreased their price objective for the company from $46.00 to $36.00 in a research note on Wednesday, June 7th. Finally, ValuEngine cut shares of HD Supply Holdings from a buy rating to a hold rating in a research note on Wednesday, June 7th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. HD Supply Holdings has an average rating of Hold and a consensus price target of $38.14.

HD Supply Holdings (HDS) traded down 1.356% on Monday, hitting $32.365. 531,283 shares of the stock traded hands. The company has a market capitalization of $6.04 billion, a PE ratio of 10.223 and a beta of 1.40. 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 $31.91 and a 200-day moving average price of $36.20.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. HD Supply Holdings’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Analysts forecast that HD Supply Holdings will post $2.21 earnings per share for the current year.

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HD Supply Holdings declared that its board has authorized a stock repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Large investors have recently bought and sold shares of the company. Creative Planning increased its holdings in shares of HD Supply Holdings by 15.2% during the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of HD Supply Holdings by 1.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 49 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of HD Supply Holdings during the 2nd quarter valued at approximately $129,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HD Supply Holdings during the 1st quarter valued at approximately $136,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of HD Supply Holdings by 648.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares in the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

About HD Supply Holdings

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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