HD Supply Holdings, Inc. (HDS) PT Lowered to $40.00 at Royal Bank Of Canada

HD Supply Holdings, Inc. (NASDAQ:HDS) had its price target lowered by Royal Bank Of Canada from $41.00 to $40.00 in a research report released on Thursday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the company. UBS AG downgraded HD Supply Holdings from a positive rating to a neutral rating in a research note on Wednesday, June 14th. BidaskClub downgraded HD Supply Holdings from a hold rating to a sell rating in a research note on Friday, June 9th. Wells Fargo & Company restated an outperform rating and issued a $40.00 target price (down from $48.00) on shares of HD Supply Holdings in a research note on Wednesday, July 12th. Deutsche Bank AG downgraded HD Supply Holdings from a buy rating to a hold rating and set a $33.00 target price for the company. in a research note on Friday, June 9th. Finally, Northcoast Research began coverage on HD Supply Holdings in a research note on Tuesday, July 25th. They issued a neutral rating for the company. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $38.14.

Shares of HD Supply Holdings (NASDAQ:HDS) opened at 33.45 on Thursday. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73. The firm has a market capitalization of $6.78 billion, a PE ratio of 23.01 and a beta of 1.40. The firm’s 50-day moving average price is $31.76 and its 200-day moving average price is $36.48.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. On average, equities analysts predict that HD Supply Holdings will post $2.19 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “HD Supply Holdings, Inc. (HDS) PT Lowered to $40.00 at Royal Bank Of Canada” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://sportsperspectives.com/2017/09/11/hd-supply-holdings-inc-hds-pt-lowered-to-40-00-at-royal-bank-of-canada.html.

HD Supply Holdings declared that its Board of Directors has initiated a stock buyback program on Tuesday, June 6th 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 hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of HD Supply Holdings by 16.4% during the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock worth $905,504,000 after buying an additional 4,162,500 shares during the period. Vanguard Group Inc. boosted its position in shares of HD Supply Holdings by 2.5% during the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock worth $489,930,000 after buying an additional 383,895 shares during the period. BlackRock Inc. boosted its position in shares of HD Supply Holdings by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock worth $302,814,000 after buying an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of HD Supply Holdings by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock worth $200,420,000 after buying an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC boosted its position in shares of HD Supply Holdings by 16.0% during the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock worth $188,379,000 after buying an additional 850,562 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

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)

Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply