William Blair Comments on HD Supply Holdings Inc’s FY2020 Earnings (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Analysts at William Blair reduced their FY2020 earnings per share (EPS) estimates for shares of HD Supply in a research report issued to clients and investors on Tuesday, December 10th. William Blair analyst R. Merkel now anticipates that the industrial products company will earn $3.47 per share for the year, down from their prior forecast of $3.52. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for HD Supply’s Q1 2021 earnings at $0.68 EPS, Q2 2021 earnings at $0.90 EPS, Q3 2021 earnings at $0.90 EPS, Q4 2021 earnings at $0.55 EPS and FY2021 earnings at $3.03 EPS.

Several other brokerages also recently weighed in on HDS. Barclays downgraded HD Supply from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $44.00 to $42.00 in a research note on Thursday, September 26th. Buckingham Research lifted their target price on HD Supply from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. BidaskClub downgraded HD Supply from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 23rd. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, SunTrust Banks lifted their price target on HD Supply to $50.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. HD Supply has an average rating of “Hold” and an average target price of $45.60.

Shares of HDS stock opened at $40.22 on Thursday. The business’s 50 day moving average is $40.14 and its two-hundred day moving average is $39.67. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company has a market capitalization of $6.40 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 1.85.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 10th. The industrial products company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. HD Supply had a return on equity of 45.42% and a net margin of 7.51%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was up 2.0% on a year-over-year basis.

In other HD Supply news, Director Lauren Taylor Wolfe purchased 600,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Fiduciary Management Inc. WI acquired a new position in HD Supply during the second quarter worth $264,175,000. Congress Asset Management Co. MA acquired a new position in HD Supply during the second quarter worth $74,018,000. Moneta Group Investment Advisors LLC raised its holdings in HD Supply by 22,502.6% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,710,114 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 1,702,548 shares during the last quarter. Third Point LLC acquired a new position in HD Supply during the third quarter worth $39,175,000. Finally, Millennium Management LLC raised its holdings in HD Supply by 917.0% during the third quarter. Millennium Management LLC now owns 1,033,394 shares of the industrial products company’s stock worth $40,483,000 after purchasing an additional 931,785 shares during the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.

HD Supply Company Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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