HD Supply Holdings, Inc. (NASDAQ:HDS) Receives $45.86 Consensus Target Price from Brokerages

HD Supply Holdings, Inc. (NASDAQ:HDS) has been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $45.86.

HDS has been the topic of a number of analyst reports. Northcoast Research upped their target price on shares of HD Supply from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Raymond James cut shares of HD Supply from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 17th. BidaskClub raised HD Supply from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 23rd. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a research note on Thursday, September 10th. Finally, Zacks Investment Research raised HD Supply from a “sell” rating to a “hold” rating and set a $46.00 price target on the stock in a report on Wednesday, November 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB lifted its stake in shares of HD Supply by 108.4% in the 2nd quarter. Nordea Investment Management AB now owns 3,483,990 shares of the industrial products company’s stock valued at $117,898,000 after acquiring an additional 1,812,055 shares during the last quarter. FMR LLC raised its holdings in HD Supply by 7.6% in the 2nd quarter. FMR LLC now owns 24,297,513 shares of the industrial products company’s stock worth $841,908,000 after purchasing an additional 1,714,181 shares in the last quarter. LSV Asset Management lifted its position in shares of HD Supply by 19.9% in the 3rd quarter. LSV Asset Management now owns 5,021,683 shares of the industrial products company’s stock worth $207,094,000 after purchasing an additional 835,101 shares during the period. London Co. of Virginia boosted its stake in shares of HD Supply by 20.5% during the 2nd quarter. London Co. of Virginia now owns 3,537,834 shares of the industrial products company’s stock valued at $122,586,000 after purchasing an additional 601,447 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of HD Supply by 5,469.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 409,718 shares of the industrial products company’s stock valued at $16,897,000 after buying an additional 402,362 shares during the period. Institutional investors and hedge funds own 88.04% of the company’s stock.

NASDAQ:HDS opened at $55.99 on Wednesday. The business’s fifty day moving average is $54.95 and its 200 day moving average is $42.87. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 5.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.03 and a current ratio of 3.71. HD Supply has a 52-week low of $21.69 and a 52-week high of $56.08.

HD Supply (NASDAQ:HDS) last posted its earnings results on Thursday, December 3rd. The industrial products company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. HD Supply had a return on equity of 23.16% and a net margin of 36.62%. The business had revenue of $827.50 million during the quarter, compared to analyst estimates of $834.34 million. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that HD Supply will post 2.09 EPS for the current fiscal year.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates in 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, water and wastewater treatment products, and heating, ventilating, and air conditioning products.

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Analyst Recommendations for HD Supply (NASDAQ:HDS)

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