HD Supply Holdings Inc (HDS) Receives $47.30 Consensus Target Price from Analysts

Shares of HD Supply Holdings Inc (NASDAQ:HDS) have received an average rating of “Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.30.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, November 8th. Raymond James decreased their price objective on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. BidaskClub raised shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Gordon Haskett began coverage on shares of HD Supply in a research note on Friday, October 12th. They set a “hold” rating on the stock. Finally, Barclays decreased their price objective on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th.

In other news, Director Jana Partners Llc sold 588,300 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $37.71, for a total transaction of $22,184,793.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Joseph J. Deangelo bought 50,000 shares of HD Supply stock in a transaction dated Friday, December 14th. The shares were bought at an average price of $36.99 per share, for a total transaction of $1,849,500.00. Following the completion of the transaction, the chairman now directly owns 292,618 shares of the company’s stock, valued at approximately $10,823,939.82. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in HDS. First Hawaiian Bank increased its position in shares of HD Supply by 130.1% during the fourth quarter. First Hawaiian Bank now owns 13,933 shares of the industrial products company’s stock worth $523,000 after acquiring an additional 7,879 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of HD Supply by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock worth $774,000 after acquiring an additional 314 shares in the last quarter. Cerebellum GP LLC increased its position in shares of HD Supply by 60.1% during the fourth quarter. Cerebellum GP LLC now owns 6,978 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 2,619 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of HD Supply by 15.8% during the third quarter. Federated Investors Inc. PA now owns 171,284 shares of the industrial products company’s stock worth $7,329,000 after acquiring an additional 23,334 shares in the last quarter. Finally, Vanguard Group Inc increased its position in shares of HD Supply by 5.1% during the third quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock worth $757,084,000 after acquiring an additional 864,941 shares in the last quarter. Institutional investors own 98.01% of the company’s stock.

Shares of NASDAQ:HDS traded down $0.28 on Friday, hitting $37.91. 2,149,405 shares of the company were exchanged, compared to its average volume of 2,594,576. HD Supply has a one year low of $34.49 and a one year high of $46.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.11 and a current ratio of 2.05. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.79 and a beta of 1.30.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. HD Supply had a net margin of 5.07% and a return on equity of 38.09%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 17.7% compared to the same quarter last year. Equities analysts predict that HD Supply will post 3.36 EPS for the current year.

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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, 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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