HD Supply Holdings Inc (NASDAQ:HDS) – Equities research analysts at William Blair decreased their Q2 2020 earnings estimates for shares of HD Supply in a research note issued on Tuesday, June 11th. William Blair analyst R. Merkel now forecasts that the industrial products company will post earnings of $1.09 per share for the quarter, down from their previous estimate of $1.24. William Blair also issued estimates for HD Supply’s Q3 2020 earnings at $1.14 EPS and FY2021 earnings at $3.35 EPS.
HDS has been the subject of a number of other reports. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Royal Bank of Canada lifted their price target on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Wells Fargo & Co dropped their price target on shares of HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $47.54.
Shares of NASDAQ:HDS opened at $40.02 on Friday. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.10. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27.
HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $0.70 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp purchased a new stake in HD Supply in the 1st quarter valued at about $30,000. Penserra Capital Management LLC boosted its position in HD Supply by 58.4% in the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares during the period. Cresset Asset Management LLC boosted its position in HD Supply by 68,832.8% in the 1st quarter. Cresset Asset Management LLC now owns 208,177 shares of the industrial products company’s stock valued at $41,000 after buying an additional 207,875 shares during the period. Quadrant Capital Group LLC boosted its position in HD Supply by 610.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,068 shares during the period. Finally, Captrust Financial Advisors boosted its position in HD Supply by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after buying an additional 285 shares during the period. 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 shares were 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 directly owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.
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 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.
Read More: Net Margin
Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.