HD Supply (NASDAQ:HDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $43.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 9.36% from the stock’s current price.
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. “
A number of other analysts have also commented on HDS. Goldman Sachs Group reissued a “neutral” rating and issued a $35.00 target price on shares of HD Supply in a report on Wednesday, August 16th. Royal Bank Of Canada lifted their target price on HD Supply from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. BidaskClub raised HD Supply from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price (up previously from $36.00) on shares of HD Supply in a report on Friday, September 1st. Finally, Credit Suisse Group lowered HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. HD Supply currently has a consensus rating of “Hold” and an average target price of $38.85.
Shares of HD Supply (NASDAQ HDS) opened at $39.32 on Thursday. The company has a market capitalization of $7,284.16, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $44.73. The company has a quick ratio of 1.41, a current ratio of 2.80 and a debt-to-equity ratio of 1.40.
HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. sell-side analysts expect that HD Supply will post 2.26 earnings per share for the current year.
HD Supply announced that its Board of Directors has approved a stock buyback program on Tuesday, August 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can lifted its position in HD Supply by 865.7% during the second quarter. Bank of Montreal Can now owns 15,046 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 13,488 shares in the last quarter. Creative Planning lifted its position in HD Supply 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 in the last quarter. Aperio Group LLC lifted its position in HD Supply by 8.0% during the second quarter. Aperio Group LLC now owns 35,206 shares of the industrial products company’s stock valued at $1,078,000 after purchasing an additional 2,613 shares in the last quarter. Shell Asset Management Co. lifted its position in HD Supply by 97.5% during the second quarter. Shell Asset Management Co. now owns 17,274 shares of the industrial products company’s stock valued at $529,000 after purchasing an additional 8,529 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in HD Supply during the second quarter valued at $425,000.
HD Supply 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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