HD Supply Holdings, Inc. (HDS) Lowered to “Neutral” at Longbow Research

HD Supply Holdings, Inc. (NASDAQ:HDS) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

HDS has been the topic of several other research reports. Robert W. Baird downgraded shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of HD Supply Holdings in a research note on Wednesday, June 14th. BidaskClub downgraded shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 target price on shares of HD Supply Holdings in a research note on Tuesday, April 11th. Finally, Raymond James Financial, Inc. raised shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. HD Supply Holdings presently has an average rating of “Hold” and a consensus target price of $40.00.

HD Supply Holdings (NASDAQ:HDS) opened at 30.42 on Monday. The company’s 50 day moving average is $36.21 and its 200 day moving average is $40.34. HD Supply Holdings has a 12-month low of $30.05 and a 12-month high of $44.73. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 20.92 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. HD Supply Holdings’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Analysts forecast that HD Supply Holdings will post $2.10 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 5,081 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of HD Supply Holdings during the first quarter valued at about $360,000. Quantitative Investment Management LLC acquired a new position in shares of HD Supply Holdings during the first quarter valued at about $2,595,000. TIAA CREF Investment Management LLC boosted its position in shares of HD Supply Holdings by 60.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock valued at $78,917,000 after buying an additional 721,635 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of HD Supply Holdings during the fourth quarter valued at about $391,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

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.

The Fly

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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