HD Supply Holdings, Inc. (HDS) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from a strong sell rating to a sell rating in a report issued on Monday, July 24th.

HDS has been the subject of a number of other reports. Susquehanna Bancshares Inc reiterated a neutral rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. Robert W. Baird cut shares of HD Supply Holdings from an outperform rating to a neutral rating and cut their price target for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Royal Bank Of Canada restated a buy rating and set a $53.00 price target on shares of HD Supply Holdings in a report on Tuesday, April 11th. Raymond James Financial, Inc. upgraded shares of HD Supply Holdings from a market perform rating to an outperform rating and set a $44.00 price target on the stock in a report on Friday, April 21st. Finally, UBS AG upgraded shares of HD Supply Holdings to an outperform rating and set a $44.00 price target on the stock in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $38.57.

Shares of HD Supply Holdings (NASDAQ HDS) opened at 30.39 on Monday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 20.90 and a beta of 1.41. The stock’s 50 day moving average price is $31.13 and its 200 day moving average price is $37.56. HD Supply Holdings has a 1-year low of $28.97 and a 1-year high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts expect that HD Supply Holdings will post $2.10 EPS for the current year.

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

Several hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in HD Supply Holdings by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after buying an additional 4,162,500 shares during the period. Vanguard Group Inc. raised its stake in HD Supply Holdings by 2.5% in the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after buying an additional 383,895 shares during the period. BlackRock Inc. raised its stake in HD Supply Holdings by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after buying an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT raised its stake in HD Supply Holdings by 84.7% in the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after buying an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC raised its stake in HD Supply Holdings by 16.0% in the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after buying an additional 850,562 shares during the period. 97.32% of the stock is currently owned by institutional investors.

About HD Supply Holdings

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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