HD Supply Holdings Inc (NASDAQ:HDS) has been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the stock. Four analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.63.
HDS has been the subject of a number of analyst reports. Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, February 2nd. Royal Bank of Canada restated a “buy” rating and issued a $50.00 price target on shares of HD Supply Holdings in a research report on Tuesday, January 3rd. Finally, Credit Suisse Group AG restated a “buy” rating on shares of HD Supply Holdings in a research report on Thursday, March 16th.
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In other news, Chairman Joseph J. Deangelo sold 16,785 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $42.60, for a total value of $715,041.00. Following the sale, the chairman now directly owns 284,104 shares in the company, valued at $12,102,830.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Joseph J. Deangelo sold 712,145 shares of the stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $40.80, for a total value of $29,055,516.00. Following the completion of the sale, the chairman now owns 628,426 shares in the company, valued at $25,639,780.80. The disclosure for this sale can be found here. Insiders have sold 1,346,620 shares of company stock worth $54,958,455 over the last 90 days. 0.98% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of HD Supply Holdings by 378.2% in the third quarter. Creative Planning now owns 3,400 shares of the industrial products company’s stock valued at $109,000 after buying an additional 2,689 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of HD Supply Holdings during the fourth quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HD Supply Holdings by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,045 shares of the industrial products company’s stock valued at $193,000 after buying an additional 766 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of HD Supply Holdings during the fourth quarter valued at about $200,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of HD Supply Holdings during the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 96.17% of the company’s stock.
HD Supply Holdings (NASDAQ:HDS) traded up 1.58% during mid-day trading on Monday, hitting $39.77. The company had a trading volume of 1,413,910 shares. HD Supply Holdings has a 12 month low of $30.05 and a 12 month high of $44.73. The company has a 50-day moving average price of $41.06 and a 200 day moving average price of $39.60. The firm has a market capitalization of $8.01 billion, a P/E ratio of 41.00 and a beta of 1.39.
HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, March 14th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business earned $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. HD Supply Holdings had a return on equity of 61.66% and a net margin of 13.62%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. Equities analysts forecast that HD Supply Holdings will post $3.35 EPS for the current fiscal year.
HD Supply Holdings Company Profile
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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