HD Supply Holdings, Inc. (HDS) Given Neutral Rating at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of HD Supply Holdings, Inc. (NASDAQ:HDS) in a research note issued to investors on Wednesday morning. The brokerage currently has a $35.00 price objective on the industrial products company’s stock.

HDS has been the topic of several other research reports. Longbow Research lowered shares of HD Supply Holdings from a buy rating to a neutral rating in a research note on Monday, July 10th. Raymond James Financial, Inc. raised shares of HD Supply Holdings from a market perform rating to an outperform rating and set a $44.00 price objective on the stock in a research note on Friday, April 21st. ValuEngine lowered shares of HD Supply Holdings from a buy rating to a hold rating in a research note on Wednesday, June 7th. Robert W. Baird lowered shares of HD Supply Holdings from an outperform rating to a neutral rating and reduced their price objective for the stock from $47.00 to $37.00 in a research note on Wednesday, June 7th. Finally, Royal Bank Of Canada reissued an outperform rating and set a $39.00 price objective (down previously from $53.00) on shares of HD Supply Holdings in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $38.57.

HD Supply Holdings (NASDAQ HDS) traded up 0.376% during midday trading on Wednesday, hitting $30.675. 1,258,329 shares of the stock were exchanged. HD Supply Holdings has a one year low of $28.97 and a one year high of $44.73. The company has a 50 day moving average price of $31.14 and a 200 day moving average price of $37.70. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 21.097 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that HD Supply Holdings will post $2.10 EPS for the current year.

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HD Supply Holdings announced that its board has initiated a share buyback plan on Tuesday, June 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge funds have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its stake in HD Supply Holdings by 29.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 101,229 shares of the industrial products company’s stock worth $4,163,000 after buying an additional 23,119 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in HD Supply Holdings during the first quarter worth about $1,002,000. Boston Advisors LLC acquired a new stake in HD Supply Holdings during the first quarter worth about $13,167,000. Nationwide Fund Advisors increased its stake in HD Supply Holdings by 44.8% in the first quarter. Nationwide Fund Advisors now owns 825,048 shares of the industrial products company’s stock worth $33,930,000 after buying an additional 255,287 shares during the period. Finally, Korea Investment CORP acquired a new stake in HD Supply Holdings during the first quarter worth about $4,729,000. Institutional investors own 97.32% of the company’s stock.

About HD Supply Holdings

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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