HD Supply Holdings Inc (NASDAQ:HDS) – SunTrust Banks lifted their Q1 2019 earnings per share (EPS) estimates for shares of HD Supply in a report released on Thursday. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings of $0.63 per share for the quarter, up from their prior forecast of $0.59. SunTrust Banks has a “Buy” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for HD Supply’s Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $3.13 EPS.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis.
A number of other analysts have also recently commented on the stock. BidaskClub cut shares of HD Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Royal Bank of Canada cut shares of HD Supply from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 3rd. ValuEngine cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, Barclays started coverage on shares of HD Supply in a research note on Thursday, February 15th. They issued an “overweight” rating and a $44.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.71.
Shares of HD Supply (HDS) opened at $39.19 on Friday. The company has a market cap of $7,272.37, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.63 and a beta of 1.31. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.80. HD Supply has a 12 month low of $28.97 and a 12 month high of $42.25.
Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its position in shares of HD Supply by 133.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 38,217 shares of the industrial products company’s stock valued at $1,530,000 after purchasing an additional 21,866 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of HD Supply by 219.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 281,088 shares of the industrial products company’s stock valued at $11,252,000 after purchasing an additional 193,043 shares during the period. DF Dent & Co. Inc. bought a new position in shares of HD Supply in the fourth quarter valued at about $705,000. Gotham Asset Management LLC raised its position in shares of HD Supply by 2,403.3% in the fourth quarter. Gotham Asset Management LLC now owns 615,853 shares of the industrial products company’s stock valued at $24,653,000 after purchasing an additional 591,251 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of HD Supply by 176.0% in the fourth quarter. Verition Fund Management LLC now owns 19,401 shares of the industrial products company’s stock valued at $777,000 after purchasing an additional 12,371 shares during the period. 96.93% of the stock is currently owned by institutional investors.
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About HD Supply
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.
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