HD Supply Holdings, Inc. (NASDAQ:HDS) Stock Rating Lowered by Credit Suisse Group

Credit Suisse Group downgraded shares of HD Supply Holdings, Inc. (NASDAQ:HDS) from an outperform rating to a neutral rating in a research note published on Friday, September 8th, Marketbeat reports. Credit Suisse Group currently has $33.00 price target on the industrial products company’s stock.

Several other research analysts have also recently commented on HDS. Robert W. Baird cut shares of HD Supply Holdings from an outperform rating to a neutral rating and lowered their price target for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Drexel Hamilton cut shares of HD Supply Holdings from a buy rating to a hold rating and lowered their target price for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. Royal Bank Of Canada restated an outperform rating and issued a $39.00 target price (down previously from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th. Morgan Stanley cut shares of HD Supply Holdings from an overweight rating to an equal weight rating and lowered their target price for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Finally, ValuEngine cut shares of HD Supply Holdings from a buy rating to a hold rating in a report on Wednesday, June 7th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $38.14.

Shares of HD Supply Holdings (NASDAQ:HDS) traded down 1.07% during midday trading on Friday, hitting $32.46. The company had a trading volume of 3,792,347 shares. HD Supply Holdings has a 1-year low of $28.97 and a 1-year high of $44.73. The stock has a 50 day moving average price of $31.91 and a 200 day moving average price of $36.12. The firm has a market capitalization of $6.06 billion, a P/E ratio of 10.25 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that HD Supply Holdings will post $2.21 EPS for the current fiscal year.

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HD Supply Holdings declared that its Board of Directors has approved a share buyback program on Tuesday, June 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in HDS. Creative Planning increased its holdings in shares of HD Supply Holdings by 15.2% in the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of HD Supply Holdings by 1.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 49 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of HD Supply Holdings in the 2nd quarter valued at about $129,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HD Supply Holdings in the 1st quarter valued at about $136,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of HD Supply Holdings by 648.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

HD Supply Holdings Company Profile

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.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

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