HD Supply Holdings Inc (NASDAQ:HDS) Given Average Recommendation of “Buy” by Analysts

HD Supply Holdings Inc (NASDAQ:HDS) has earned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.33.

Several analysts have weighed in on the stock. ValuEngine cut shares of HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, June 3rd. Wells Fargo & Co dropped their price objective on shares of HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research note on Wednesday, June 12th. Finally, Buckingham Research dropped their price objective on shares of HD Supply from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th.

HD Supply stock traded up $0.52 during midday trading on Friday, hitting $38.00. The company’s stock had a trading volume of 1,170,800 shares, compared to its average volume of 1,389,210. HD Supply has a 1-year low of $35.35 and a 1-year high of $47.13. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. The company has a 50-day moving average price of $39.58 and a two-hundred day moving average price of $42.10. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.63 and a beta of 1.13.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $0.70 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts forecast that HD Supply will post 3.58 EPS for the current year.

In other news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total value of $29,903,859.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Investors Research Corp bought a new stake in HD Supply in the first quarter valued at $30,000. Quadrant Capital Group LLC boosted its holdings in shares of HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,068 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after buying an additional 350 shares in the last quarter. Pearl River Capital LLC boosted its holdings in shares of HD Supply by 781.1% during the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock valued at $86,000 after buying an additional 1,773 shares in the last quarter. Finally, Truewealth LLC boosted its stake in HD Supply by 94.3% in the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 94.68% of the company’s stock.

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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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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