HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at Northcoast Research raised their FY2019 earnings per share estimates for HD Supply in a report issued on Wednesday, March 14th, according to Zacks Investment Research. Northcoast Research analyst R. Cieslak now anticipates that the industrial products company will post earnings of $3.15 per share for the year, up from their prior estimate of $2.95. Northcoast Research also issued estimates for HD Supply’s FY2020 earnings at $3.10 EPS.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company 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 earned $0.44 EPS. The firm’s revenue was up 9.0% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the stock. SunTrust Banks raised shares of HD Supply from a “hold” rating to a “buy” rating and increased their price target for the company from $38.01 to $48.00 in a research report on Thursday, March 15th. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, March 21st. Finally, Deutsche Bank set a $45.00 price target on shares of HD Supply and gave the company a “buy” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. HD Supply presently has an average rating of “Hold” and an average target price of $40.57.
Shares of HDS opened at $38.05 on Thursday. The firm has a market cap of $7,059.72, a price-to-earnings ratio of 14.86, a PEG ratio of 0.77 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93. HD Supply has a twelve month low of $28.97 and a twelve month high of $42.25.
A number of large investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB increased its stake in HD Supply by 133.7% during the 4th 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of HD Supply by 219.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 281,088 shares of the industrial products company’s stock valued at $11,252,000 after acquiring an additional 193,043 shares during the last quarter. DF Dent & Co. Inc. purchased a new stake in shares of HD Supply during the 4th quarter valued at about $705,000. Gotham Asset Management LLC boosted its holdings in shares of HD Supply by 2,403.3% during the 4th quarter. Gotham Asset Management LLC now owns 615,853 shares of the industrial products company’s stock valued at $24,653,000 after acquiring an additional 591,251 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of HD Supply by 176.0% during the 4th quarter. Verition Fund Management LLC now owns 19,401 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 12,371 shares during the last quarter. Institutional investors and hedge funds own 96.96% of the company’s stock.
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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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