SunTrust Banks, Inc. reaffirmed their hold rating on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research note published on Friday. SunTrust Banks, Inc. currently has a $35.00 target price on the industrial products company’s stock.
Several other analysts have also recently commented on the company. Zacks Investment Research cut HD Supply Holdings from a buy rating to a hold rating in a report on Tuesday, November 7th. BidaskClub cut HD Supply Holdings from a buy rating to a hold rating in a report on Thursday, October 12th. Robert W. Baird reiterated a hold rating and set a $38.00 target price on shares of HD Supply Holdings in a report on Monday, October 9th. Wells Fargo & Company boosted their target price on HD Supply Holdings from $40.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 6th. Finally, ValuEngine upgraded HD Supply Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. HD Supply Holdings presently has a consensus rating of Hold and a consensus target price of $38.50.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at $35.67 on Friday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.41 and a current ratio of 2.04. The company has a market capitalization of $6,657.66, a PE ratio of 14.04, a P/E/G ratio of 0.81 and a beta of 1.40. 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 posted 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 during the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. analysts expect that HD Supply Holdings will post 2.21 earnings per share for the current year.
HD Supply Holdings declared that its board has approved a stock repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning raised its position in shares of HD Supply Holdings by 15.2% in the 2nd 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of HD Supply Holdings in the 2nd quarter valued at approximately $129,000. Barrett Asset Management LLC acquired a new position in shares of HD Supply Holdings in the 2nd quarter valued at approximately $161,000. Pinebridge Investments L.P. raised its position in shares of HD Supply Holdings by 170.0% in the 2nd 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 in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of HD Supply Holdings in the 2nd quarter valued at approximately $181,000.
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.
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