HD Supply Holdings (HDS) Given Coverage Optimism Rating of 0.15

News articles about HD Supply Holdings (NASDAQ:HDS) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HD Supply Holdings earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.5536333396439 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Several analysts recently issued reports on HDS shares. Morgan Stanley downgraded HD Supply Holdings from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $46.00 to $36.00 in a research note on Wednesday, June 7th. Deutsche Bank AG downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Friday, June 9th. Drexel Hamilton downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $37.00 in a research report on Wednesday, June 7th. Longbow Research downgraded HD Supply Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $39.00 price objective (down from $53.00) on shares of HD Supply Holdings in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.64.

Shares of HD Supply Holdings (NASDAQ HDS) opened at 30.76 on Friday. HD Supply Holdings has a 52 week low of $28.97 and a 52 week high of $44.73. The firm has a market cap of $6.23 billion, a PE ratio of 21.16 and a beta of 1.41. The stock has a 50 day moving average price of $31.15 and a 200 day moving average price of $37.99.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue was up 5.2% on a year-over-year basis. Equities analysts expect that HD Supply Holdings will post $2.10 earnings per share for the current year.

HD Supply Holdings announced that its board has authorized a share repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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