HD Supply Holdings Inc (NASDAQ:HDS) – Research analysts at Northcoast Research increased their Q4 2019 earnings per share (EPS) estimates for HD Supply in a report released on Wednesday, December 5th. Northcoast Research analyst R. Cieslak now forecasts that the industrial products company will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.63. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for HD Supply’s FY2020 earnings at $3.70 EPS.
Several other brokerages have also issued reports on HDS. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, November 8th. SunTrust Banks lifted their target price on shares of HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Raymond James lifted their target price on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Jefferies Financial Group started coverage on shares of HD Supply in a research report on Friday, October 12th. They issued a “buy” rating and a $48.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. HD Supply presently has a consensus rating of “Buy” and a consensus target price of $47.33.
HDS opened at $37.89 on Friday. HD Supply has a fifty-two week low of $34.49 and a fifty-two week high of $46.29. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.83 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.05 and a quick ratio of 1.31.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. HD Supply had a net margin of 5.07% and a return on equity of 38.09%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis.
In other news, Director Jana Partners Llc sold 861,499 shares of HD Supply stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total value of $37,380,441.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HDS. JPMorgan Chase & Co. boosted its position in HD Supply by 1,148.4% during the third quarter. JPMorgan Chase & Co. now owns 2,144,848 shares of the industrial products company’s stock worth $91,779,000 after acquiring an additional 1,973,046 shares during the last quarter. FMR LLC boosted its position in HD Supply by 10.1% during the third quarter. FMR LLC now owns 17,602,615 shares of the industrial products company’s stock worth $753,217,000 after acquiring an additional 1,614,823 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in HD Supply during the third quarter worth about $62,381,000. Argent Capital Management LLC acquired a new position in HD Supply during the second quarter worth about $48,321,000. Finally, BlackRock Inc. boosted its position in HD Supply by 10.5% during the second quarter. BlackRock Inc. now owns 11,087,160 shares of the industrial products company’s stock worth $475,528,000 after acquiring an additional 1,055,957 shares during the last quarter. Hedge funds and other institutional investors own 95.09% of the company’s stock.
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, 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.