Analysts Set HD Supply Holdings Inc (HDS) Target Price at $38.36

Shares of HD Supply Holdings Inc (NASDAQ:HDS) have earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given 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 $39.00.

Several analysts recently issued reports on the company. Royal Bank of Canada downgraded HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, December 7th. Finally, SunTrust Banks reissued a “hold” rating and issued a $42.00 price target on shares of HD Supply in a report on Thursday, December 7th.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in HD Supply in the 4th quarter valued at approximately $132,000. Bessemer Group Inc. increased its position in shares of HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 3,109 shares during the period. American International Group Inc. acquired a new position in shares of HD Supply during the 4th quarter valued at $177,000. Massey Quick Simon & CO. LLC acquired a new position in shares of HD Supply during the 3rd quarter valued at $185,000. Finally, Cadence Capital Management LLC acquired a new position in shares of HD Supply during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 96.93% of the company’s stock.

HD Supply (HDS) traded up $0.07 during trading hours on Friday, reaching $38.08. The company’s stock had a trading volume of 1,292,698 shares, compared to its average volume of 2,153,392. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. HD Supply has a 52 week low of $28.97 and a 52 week high of $42.25. The company has a market cap of $7,068.26, a P/E ratio of 7.61, a PEG ratio of 0.64 and a beta of 1.31.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. HD Supply had a return on equity of 39.54% and a net margin of 16.79%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.44 EPS. HD Supply’s quarterly revenue was up 9.0% compared to the same quarter last year. analysts anticipate that HD Supply will post 2.98 earnings per share for the current fiscal year.

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HD Supply 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 (NASDAQ:HDS)

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