William Blair Comments on HD Supply Holdings Inc’s FY2020 Earnings (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Stock analysts at William Blair lowered their FY2020 earnings per share estimates for shares of HD Supply in a report issued on Tuesday, June 11th. William Blair analyst R. Merkel now expects that the industrial products company will earn $3.61 per share for the year, down from their previous forecast of $3.73.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. HD Supply had a net margin of 6.70% and a return on equity of 42.24%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share.

A number of other equities analysts also recently commented on HDS. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research note on Wednesday. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Wells Fargo & Co reissued an “outperform” rating and issued a $50.00 price target (down from $55.00) on shares of HD Supply in a research report on Wednesday. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada boosted their price target on shares of HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.54.

NASDAQ:HDS opened at $39.40 on Thursday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.10. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13.

Large investors have recently made changes to their positions in the company. Investors Research Corp purchased a new stake in shares of HD Supply in the first quarter valued at about $30,000. Penserra Capital Management LLC raised its holdings in shares of HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of HD Supply by 610.3% in the first quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,068 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of HD Supply by 36.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after buying an additional 350 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of HD Supply by 23.4% in the fourth quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after buying an additional 285 shares during the last quarter. 95.12% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Evan Levitt sold 44,167 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 47,628 shares of the company’s stock, valued at $2,055,624.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

About HD Supply

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.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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