HD Supply Holdings, Inc. (HDS) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a hold rating to a buy rating in a research note published on Monday morning. The brokerage currently has $41.00 price objective on the industrial products company’s stock.

According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “

Several other analysts have also weighed in on the company. Robert W. Baird reissued a hold rating and issued a $38.00 price objective on shares of HD Supply Holdings in a report on Monday. Wells Fargo & Company boosted their price objective on HD Supply Holdings from $40.00 to $42.00 and gave the company an outperform rating in a report on Friday. ValuEngine raised HD Supply Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Morgan Stanley reissued an equal weight rating and issued a $38.00 price objective (up from $37.00) on shares of HD Supply Holdings in a report on Monday, October 2nd. Finally, BidaskClub raised HD Supply Holdings from a hold rating to a buy rating in a report on Thursday, September 28th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. HD Supply Holdings has an average rating of Hold and a consensus target price of $38.71.

HD Supply Holdings (HDS) opened at 36.14 on Monday. The firm has a market capitalization of $6.75 billion, a PE ratio of 11.42 and a beta of 1.41. The stock’s 50 day moving average price is $33.88 and its 200 day moving average price is $35.29. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Analysts expect that HD Supply Holdings will post $2.21 earnings per share for the current year.

WARNING: This article was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/10/hd-supply-holdings-inc-hds-upgraded-to-buy-at-zacks-investment-research.html.

HD Supply Holdings announced that its board has approved a stock buyback plan on Tuesday, August 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares during the last quarter. Creative Planning grew its stake in shares of HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of HD Supply Holdings during the second quarter valued at approximately $129,000. Barrett Asset Management LLC bought a new stake in shares of HD Supply Holdings during the second quarter valued at approximately $161,000. Finally, Pinebridge Investments L.P. grew its stake in shares of HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s

According to Zacks, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia. “

Several other analysts have also weighed in on the company. Robert W. Baird reissued a hold rating and issued a $38.00 price objective on shares of HD Supply Holdings in a report on Monday. Wells Fargo & Company boosted their price objective on HD Supply Holdings from $40.00 to $42.00 and gave the company an outperform rating in a report on Friday. ValuEngine raised HD Supply Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Morgan Stanley reissued an equal weight rating and issued a $38.00 price objective (up from $37.00) on shares of HD Supply Holdings in a report on Monday, October 2nd. Finally, BidaskClub raised HD Supply Holdings from a hold rating to a buy rating in a report on Thursday, September 28th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. HD Supply Holdings has an average rating of Hold and a consensus target price of $38.71.

HD Supply Holdings (HDS) opened at 36.14 on Monday. The firm has a market capitalization of $6.75 billion, a PE ratio of 11.42 and a beta of 1.41. The stock’s 50 day moving average price is $33.88 and its 200 day moving average price is $35.29. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Analysts expect that HD Supply Holdings will post $2.21 earnings per share for the current year.

WARNING: This article was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/10/hd-supply-holdings-inc-hds-upgraded-to-buy-at-zacks-investment-research.html.

HD Supply Holdings announced that its board has approved a stock buyback plan on Tuesday, August 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares during the last quarter. Creative Planning grew its stake in shares of HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of HD Supply Holdings during the second quarter valued at approximately $129,000. Barrett Asset Management LLC bought a new stake in shares of HD Supply Holdings during the second quarter valued at approximately $161,000. Finally, Pinebridge Investments L.P. grew its stake in shares of HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,400 shares during the last quarter.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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)

Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply