HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at William Blair lifted their FY2019 earnings estimates for HD Supply in a research report issued on Tuesday, December 4th. William Blair analyst R. Merkel now expects that the industrial products company will post earnings of $3.37 per share for the year, up from their prior estimate of $3.33. William Blair also issued estimates for HD Supply’s Q3 2020 earnings at $1.15 EPS, Q4 2020 earnings at $0.65 EPS and FY2020 earnings at $3.85 EPS.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, December 4th. The industrial products company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. HD Supply had a return on equity of 38.58% and a net margin of 5.07%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis.
HDS has been the topic of a number of other research reports. ValuEngine downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 7th. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, November 8th. Gordon Haskett started coverage on HD Supply in a report on Friday, October 12th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group started coverage on HD Supply in a report on Friday, October 12th. They issued a “buy” rating and a $48.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. HD Supply has a consensus rating of “Buy” and an average price target of $47.33.
NASDAQ:HDS opened at $39.69 on Thursday. HD Supply has a 52 week low of $34.49 and a 52 week high of $46.29. The company has a market capitalization of $7.23 billion, a P/E ratio of 17.18, a PEG ratio of 0.85 and a beta of 1.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.31 and a current ratio of 2.27.
Institutional investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC acquired a new stake in shares of HD Supply in the second quarter worth $106,000. Captrust Financial Advisors lifted its position in HD Supply by 7,921.9% in the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,535 shares during the period. Twin Tree Management LP bought a new position in HD Supply in the second quarter worth $149,000. Aviance Capital Management LLC lifted its position in HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 1,401 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in HD Supply in the second quarter worth $214,000. Institutional investors and hedge funds own 95.09% of the company’s stock.
In other news, Director Jana Partners Llc sold 621,235 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $42.37, for a total value of $26,321,726.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.72% 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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