RBC Capital Markets cut shares of HD Supply Holdings Inc. (NASDAQ:HDS) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday morning. RBC Capital Markets currently has $35.00 price objective on the stock, down from their prior price objective of $43.00.
Other analysts have also recently issued research reports about the stock. Wells Fargo & Co. reissued a buy rating on shares of HD Supply Holdings in a research note on Sunday, September 4th. Royal Bank Of Canada cut shares of HD Supply Holdings from an outperform rating to a sector perform rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Tuesday. Morgan Stanley set a $35.00 target price on shares of HD Supply Holdings and gave the stock a hold rating in a research note on Thursday, September 8th. Zacks Investment Research cut shares of HD Supply Holdings from a buy rating to a hold rating in a research note on Thursday, September 8th. Finally, Credit Suisse Group AG reissued an outperform rating and set a $42.00 target price on shares of HD Supply Holdings in a research note on Friday, June 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $37.60.
Shares of HD Supply Holdings (NASDAQ:HDS) traded down 0.33% during trading on Tuesday, hitting $30.53. 509,498 shares of the stock were exchanged. HD Supply Holdings has a one year low of $21.26 and a one year high of $36.99. The stock’s 50 day moving average price is $34.68 and its 200-day moving average price is $34.04. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 5.10 and a beta of 1.30.
HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, analysts predict that HD Supply Holdings will post $2.55 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in HD Supply Holdings by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 8,083,836 shares of the company’s stock valued at $267,334,000 after buying an additional 53,990 shares in the last quarter. Columbia Partners L L C Investment Management raised its position in HD Supply Holdings by 33.0% in the first quarter. Columbia Partners L L C Investment Management now owns 46,411 shares of the company’s stock valued at $1,534,000 after buying an additional 11,517 shares in the last quarter. Franklin Resources Inc. raised its position in HD Supply Holdings by 1.2% in the first quarter. Franklin Resources Inc. now owns 4,018,688 shares of the company’s stock valued at $132,898,000 after buying an additional 48,360 shares in the last quarter. Prudential Financial Inc. bought a new position in HD Supply Holdings during the first quarter valued at about $20,418,000. Finally, EagleClaw Capital Managment LLC bought a new position in HD Supply Holdings during the first quarter valued at about $528,000. Institutional investors and hedge funds own 96.78% of the company’s stock.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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