HD Supply Holdings, Inc. (HDS) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of HD Supply Holdings from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Monday, October 9th. Credit Suisse Group downgraded shares of HD Supply Holdings from an outperform rating to a neutral rating and set a $33.00 target price on the stock. in a research note on Friday, September 8th. Longbow Research downgraded shares of HD Supply Holdings from a buy rating to a neutral rating in a research note on Monday, July 10th. Morgan Stanley restated an equal weight rating and issued a $37.00 target price (up from $36.00) on shares of HD Supply Holdings in a research note on Friday, September 1st. Finally, Wells Fargo & Company upped their target price on shares of HD Supply Holdings from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, October 6th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of Hold and a consensus target price of $38.71.

HD Supply Holdings (NASDAQ:HDS) traded up 0.42% during mid-day trading on Thursday, hitting $35.74. 1,344,246 shares of the stock were exchanged. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The company’s 50-day moving average price is $34.50 and its 200 day moving average price is $35.19. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 11.29 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Equities research analysts expect that HD Supply Holdings will post $2.21 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “HD Supply Holdings, Inc. (HDS) Cut to “Hold” at BidaskClub” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/15/hd-supply-holdings-inc-hds-cut-to-hold-at-bidaskclub.html.

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

A number of large investors have recently bought and sold shares of HDS. UBS Asset Management Americas Inc. lifted its position in HD Supply Holdings by 10.4% during the first quarter. UBS Asset Management Americas Inc. now owns 132,509 shares of the industrial products company’s stock valued at $5,449,000 after acquiring an additional 12,530 shares during the last quarter. Ameriprise Financial Inc. lifted its position in HD Supply Holdings by 86.6% during the first quarter. Ameriprise Financial Inc. now owns 121,079 shares of the industrial products company’s stock valued at $4,981,000 after acquiring an additional 56,183 shares during the last quarter. Wellington Management Group LLP lifted its position in HD Supply Holdings by 25.9% during the first quarter. Wellington Management Group LLP now owns 295,648 shares of the industrial products company’s stock valued at $12,158,000 after acquiring an additional 60,744 shares during the last quarter. Teachers Advisors LLC lifted its position in HD Supply Holdings by 172.1% during the first quarter. Teachers Advisors LLC now owns 675,947 shares of the industrial products company’s stock valued

A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of HD Supply Holdings from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Monday, October 9th. Credit Suisse Group downgraded shares of HD Supply Holdings from an outperform rating to a neutral rating and set a $33.00 target price on the stock. in a research note on Friday, September 8th. Longbow Research downgraded shares of HD Supply Holdings from a buy rating to a neutral rating in a research note on Monday, July 10th. Morgan Stanley restated an equal weight rating and issued a $37.00 target price (up from $36.00) on shares of HD Supply Holdings in a research note on Friday, September 1st. Finally, Wells Fargo & Company upped their target price on shares of HD Supply Holdings from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Friday, October 6th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. HD Supply Holdings presently has an average rating of Hold and a consensus target price of $38.71.

HD Supply Holdings (NASDAQ:HDS) traded up 0.42% during mid-day trading on Thursday, hitting $35.74. 1,344,246 shares of the stock were exchanged. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The company’s 50-day moving average price is $34.50 and its 200 day moving average price is $35.19. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 11.29 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Equities research analysts expect that HD Supply Holdings will post $2.21 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “HD Supply Holdings, Inc. (HDS) Cut to “Hold” at BidaskClub” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/15/hd-supply-holdings-inc-hds-cut-to-hold-at-bidaskclub.html.

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

A number of large investors have recently bought and sold shares of HDS. UBS Asset Management Americas Inc. lifted its position in HD Supply Holdings by 10.4% during the first quarter. UBS Asset Management Americas Inc. now owns 132,509 shares of the industrial products company’s stock valued at $5,449,000 after acquiring an additional 12,530 shares during the last quarter. Ameriprise Financial Inc. lifted its position in HD Supply Holdings by 86.6% during the first quarter. Ameriprise Financial Inc. now owns 121,079 shares of the industrial products company’s stock valued at $4,981,000 after acquiring an additional 56,183 shares during the last quarter. Wellington Management Group LLP lifted its position in HD Supply Holdings by 25.9% during the first quarter. Wellington Management Group LLP now owns 295,648 shares of the industrial products company’s stock valued at $12,158,000 after acquiring an additional 60,744 shares during the last quarter. Teachers Advisors LLC lifted its position in HD Supply Holdings by 172.1% during the first quarter. Teachers Advisors LLC now owns 675,947 shares of the industrial products company’s stock valued at $27,798,000 after acquiring an additional 427,511 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in HD Supply Holdings by 52.9% during the 1st quarter. Legal & General Group Plc now owns 137,772 shares of the industrial products company’s stock valued at $5,666,000 after purchasing an additional 47,670 shares in 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)

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