HD Supply Holdings Inc. (NASDAQ:HDS) had its price target hoisted by KeyCorp from $40.00 to $43.00 in a research report sent to investors on Tuesday. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on HDS. SunTrust Banks Inc. decreased their price objective on shares of HD Supply Holdings from $42.00 to $38.00 and set a buy rating for the company in a report on Thursday, September 8th. Bank of America Corp. reiterated a buy rating on shares of HD Supply Holdings in a research note on Wednesday, September 14th. Wells Fargo & Co. reiterated a buy rating on shares of HD Supply Holdings in a research note on Sunday, September 4th. Zacks Investment Research upgraded shares of HD Supply Holdings from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Monday, September 5th. Finally, Morgan Stanley set a $35.00 target price on shares of HD Supply Holdings and gave the company a hold rating in a research note on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $38.64.

Analyst Recommendations for HD Supply Holdings (NASDAQ:HDS)

HD Supply Holdings (NASDAQ:HDS) opened at 38.49 on Tuesday. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 6.43 and a beta of 1.29. The stock has a 50 day moving average price of $34.49 and a 200 day moving average price of $34.45. HD Supply Holdings has a 12-month low of $21.26 and a 12-month high of $39.68.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, analysts expect that HD Supply Holdings will post $2.56 EPS for the current year.

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In other news, Chairman Joseph J. Deangelo bought 32,100 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was bought at an average price of $31.07 per share, with a total value of $997,347.00. Following the acquisition, the chairman now owns 242,782 shares of the company’s stock, valued at approximately $7,543,236.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. ETRADE Capital Management LLC boosted its stake in shares of HD Supply Holdings by 11.0% in the third quarter. ETRADE Capital Management LLC now owns 8,555 shares of the company’s stock valued at $274,000 after buying an additional 846 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of HD Supply Holdings by 13.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 47,539 shares of the company’s stock valued at $1,520,000 after buying an additional 5,537 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of HD Supply Holdings during the third quarter valued at approximately $282,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of HD Supply Holdings by 127.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 454,168 shares of the company’s stock valued at $14,524,000 after buying an additional 254,817 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of HD Supply Holdings by 27.8% in the third quarter. Verition Fund Management LLC now owns 49,234 shares of the company’s stock valued at $1,575,000 after buying an additional 10,706 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.

5 Day Chart for NASDAQ:HDS

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