HD Supply Holdings Inc (NASDAQ:HDS) – Equities research analysts at Jefferies Financial Group decreased their Q2 2020 earnings per share estimates for shares of HD Supply in a research report issued to clients and investors on Tuesday, June 11th. Jefferies Financial Group analyst S. Volkmann now forecasts that the industrial products company will earn $1.10 per share for the quarter, down from their prior estimate of $1.15. Jefferies Financial Group also issued estimates for HD Supply’s Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $3.60 EPS and FY2022 earnings at $3.50 EPS.
HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.
A number of other research analysts also recently commented on HDS. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Zacks Investment Research downgraded HD Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada boosted their target price on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, June 3rd. Finally, Wells Fargo & Co reduced their price target on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.54.
Shares of NASDAQ HDS opened at $39.51 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. HD Supply has a one year low of $35.35 and a one year high of $47.13. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.73 and a beta of 1.27.
Large investors have recently made changes to their positions in the business. Investors Research Corp acquired a new stake in shares of HD Supply in the first quarter worth about $30,000. Penserra Capital Management LLC lifted its position in shares of HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of HD Supply by 610.3% in the first quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after buying an additional 1,068 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 350 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 285 shares during the last quarter. 95.12% of the stock is owned by institutional investors.
In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the completion of the sale, the chief financial officer now owns 47,628 shares of the company’s stock, valued at $2,055,624.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.
About HD Supply
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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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