HD Supply Holdings, Inc. (NASDAQ:HDS) Now Covered by Northcoast Research

Northcoast Research initiated coverage on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research report report published on Tuesday, July 25th, Marketbeat Ratings reports. The brokerage issued a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. BidaskClub upgraded shares of HD Supply Holdings from a strong sell rating to a sell rating in a research report on Monday, July 24th. J P Morgan Chase & Co upgraded shares of HD Supply Holdings from a neutral rating to an overweight rating and set a $36.00 target price for the company in a research report on Friday, July 14th. Wells Fargo & Company restated an outperform rating and issued a $40.00 price objective (down previously from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. Longbow Research cut shares of HD Supply Holdings from a buy rating to a neutral rating in a research report on Monday, July 10th. Finally, Susquehanna Bancshares Inc restated a neutral rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $39.64.

HD Supply Holdings (HDS) traded up 2.33% on Tuesday, reaching $30.76. 2,308,144 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $31.15 and a 200-day moving average of $37.99. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 21.16 and a beta of 1.41. HD Supply Holdings has a 12 month low of $28.97 and a 12 month high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. On average, equities analysts expect that HD Supply Holdings will post $2.10 earnings per share for the current year.

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HD Supply Holdings declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares during the last quarter. Ibex Wealth Advisors purchased a new position in HD Supply Holdings during the fourth quarter valued at $126,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in HD Supply Holdings during the second quarter valued at $129,000. 97.60% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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