HD Supply Holdings Inc (NASDAQ:HDS) – Northcoast Research issued their FY2020 earnings estimates for HD Supply in a research report issued on Wednesday, June 12th. Northcoast Research analyst T. Hayes forecasts that the industrial products company will post earnings of $3.58 per share for the year. Northcoast Research has a “Buy” rating on the stock.
Other research analysts have also recently issued reports about the company. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, June 3rd. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, May 22nd. Wells Fargo & Co lowered their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada boosted their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. HD Supply presently has a consensus rating of “Buy” and a consensus price target of $47.54.
HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS.
Several hedge funds have recently added to or reduced their stakes in HDS. Vanguard Group Inc raised its position in HD Supply by 5.1% in the third quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after purchasing an additional 864,941 shares during the period. Janney Montgomery Scott LLC increased its position in shares of HD Supply by 13.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,912 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 2,336 shares during the period. ClariVest Asset Management LLC increased its position in shares of HD Supply by 83.7% during the fourth quarter. ClariVest Asset Management LLC now owns 38,839 shares of the industrial products company’s stock worth $1,458,000 after acquiring an additional 17,700 shares during the period. NorthCoast Asset Management LLC purchased a new stake in shares of HD Supply during the fourth quarter worth $14,139,000. Finally, Canada Pension Plan Investment Board increased its position in shares of HD Supply by 3.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 266,674 shares of the industrial products company’s stock worth $10,005,000 after acquiring an additional 7,900 shares during the period. 95.12% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $43.16, for a total transaction of $1,906,247.72. Following the sale, the chief financial officer now owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by insiders.
HD Supply Company Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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