News stories about HD Supply Holdings (NASDAQ:HDS) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HD Supply Holdings earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.3619546020742 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- HD Supply Holdings, Inc. (HDS) PT Raised to $42.00 (americanbankingnews.com)
- Good future performance Ahead on HD Supply Holdings, Inc. (HDS) – Street Observer (press release) (streetobserver.com)
- Eldorado Gold Corporation (EGO) In Active Momentum Stocks- HD Supply Holdings, Inc. (HDS) – Investing News Update (investingbizz.com)
- HD Supply Holdings, Inc. (HDS) stock RSI 70.93 Reading lies in an overbought Zone – Voice Of Analysts (analystsbuzz.com)
- Overbought stock: HD Supply Holdings, Inc. (HDS) – Voice Of Analysts (analystsbuzz.com)
HD Supply Holdings (NASDAQ HDS) opened at 36.39 on Friday. The stock has a market capitalization of $6.79 billion, a P/E ratio of 11.49 and a beta of 1.41. The stock’s 50 day moving average price is $33.71 and its 200-day moving average price is $35.39. 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 issued its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts expect that HD Supply Holdings will post $2.21 earnings per share for the current year.
HD Supply Holdings declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several analysts have commented on the company. UBS AG downgraded HD Supply Holdings from a “positive” rating to a “neutral” rating in a research note on Wednesday, June 14th. ValuEngine raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $40.00 price objective (down from $48.00) on shares of HD Supply Holdings in a research note on Wednesday, July 12th. BidaskClub raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective (up from $37.00) on shares of HD Supply Holdings in a research note on Monday, October 2nd. Twelve equities 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 has a consensus rating of “Hold” and a consensus target price of $38.36.
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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