HD Supply Holdings Inc (NASDAQ:HDS) has been given a consensus rating of “Buy” by the sixteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $46.77.
Several research analysts have weighed in on HDS shares. Robert W. Baird raised shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price for the company in a research note on Friday, January 25th. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Zacks Investment Research lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, Royal Bank of Canada increased their target price on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call.
Shares of HDS traded up $0.20 during mid-day trading on Friday, reaching $43.49. The stock had a trading volume of 1,183,707 shares, compared to its average volume of 1,473,612. The company has a current ratio of 2.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. HD Supply has a 52-week low of $35.35 and a 52-week high of $47.13. The firm has a market capitalization of $7.43 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.77 and a beta of 1.25.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. HD Supply’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts predict that HD Supply will post 3.69 earnings per share for the current fiscal year.
In other news, CFO Evan Levitt sold 44,167 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $43.16, for a total value of $1,906,247.72. Following the completion of the transaction, the chief financial officer now owns 47,628 shares of the company’s stock, valued at $2,055,624.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of HD Supply by 42.4% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 91,300 shares of the industrial products company’s stock worth $3,426,000 after acquiring an additional 27,200 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of HD Supply during the fourth quarter worth approximately $251,000. Iridian Asset Management LLC CT grew its position in shares of HD Supply by 15.5% during the first quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock worth $206,345,000 after acquiring an additional 639,764 shares during the last quarter. Legal & General Group Plc grew its position in shares of HD Supply by 22.7% during the fourth quarter. Legal & General Group Plc now owns 334,144 shares of the industrial products company’s stock worth $12,537,000 after acquiring an additional 61,837 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of HD Supply by 4.5% during the fourth quarter. Prudential Financial Inc. now owns 13,030 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 559 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.
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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.