Todays Report: The HD Supply Holdings Inc. (HDS) Receives $37.15 Consensus Price Target from Brokerages

The HD Supply Holdings Inc. (HDS) Receives $37.15 Consensus Price Target from Brokerages

Shares of HD Supply Holdings Inc. (NASDAQ:HDS) have earned an average rating of “Buy” from the twenty ratings firms that are covering the firm. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $37.15.

A number of brokerages recently issued reports on HDS. Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, September 5th. Wells Fargo & Co. restated a “buy” rating on shares of HD Supply Holdings in a report on Sunday, September 4th. Macquarie began coverage on HD Supply Holdings in a report on Thursday, August 25th. They issued an “outperform” rating and a $42.00 target price on the stock. TheStreet upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, Northcoast Research restated a “neutral” rating on shares of HD Supply Holdings in a report on Thursday, June 30th.

In other news, Chairman Joseph J. Deangelo acquired 32,100 shares of HD Supply Holdings stock in a transaction that occurred on Thursday, September 22nd. The stock was purchased at an average price of $31.07 per share, with a total value of $997,347.00. Following the completion of the transaction, the chairman now owns 242,782 shares in the company, valued at $7,543,236.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Anchor Bolt Capital LP boosted its stake in shares of HD Supply Holdings by 49.8% in the first quarter. Anchor Bolt Capital LP now owns 1,410,857 shares of the company’s stock worth $46,657,000 after buying an additional 468,753 shares in the last quarter. Intermede Investment Partners Ltd boosted its stake in shares of HD Supply Holdings by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 1,095,332 shares of the company’s stock worth $38,139,000 after buying an additional 22,179 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of HD Supply Holdings by 28.9% in the second quarter. ClariVest Asset Management LLC now owns 721,837 shares of the company’s stock worth $25,134,000 after buying an additional 161,697 shares in the last quarter. State Street Corp boosted its stake in shares of HD Supply Holdings by 3.3% in the first quarter. State Street Corp now owns 1,928,731 shares of the company’s stock worth $63,782,000 after buying an additional 61,721 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of HD Supply Holdings by 227.0% in the second quarter. Nordea Investment Management AB now owns 17,199 shares of the company’s stock worth $599,000 after buying an additional 11,940 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.40 on Monday. HD Supply Holdings has a 1-year low of $21.26 and a 1-year high of $36.99. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 5.25 and a beta of 1.33. The stock has a 50 day moving average price of $32.53 and a 200-day moving average price of $34.15.

HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. The company earned $2 billion during the quarter, compared to analyst estimates of $2.03 billion. HD Supply Holdings had a return on equity of 84.15% and a net margin of 16.16%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts expect that HD Supply Holdings will post $2.55 earnings per share for the current fiscal year.

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