HD Supply Holdings Inc (NASDAQ:HDS) – Equities research analysts at SunTrust Banks boosted their FY2019 EPS estimates for shares of HD Supply in a research report issued to clients and investors on Wednesday, December 5th, Zacks Investment Research reports. SunTrust Banks analyst K. Hughes now expects that the industrial products company will post earnings of $3.35 per share for the year, up from their prior estimate of $3.27. SunTrust Banks also issued estimates for HD Supply’s Q4 2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.85 EPS, Q2 2020 earnings at $1.10 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $3.36 EPS.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. HD Supply had a return on equity of 38.09% and a net margin of 5.07%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share.
A number of other equities analysts also recently weighed in on HDS. Northcoast Research raised HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Friday, August 31st. Raymond James boosted their price objective on HD Supply from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, ValuEngine cut HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. HD Supply currently has a consensus rating of “Buy” and an average price target of $47.30.
NASDAQ HDS traded up $0.07 during trading on Friday, reaching $36.10. 3,419,092 shares of the company’s stock were exchanged, compared to its average volume of 2,310,058. The company has a market cap of $6.42 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 2.05 and a debt-to-equity ratio of 1.18. HD Supply has a fifty-two week low of $34.49 and a fifty-two week high of $46.29.
Large investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC acquired a new stake in HD Supply in the second quarter valued at $106,000. Captrust Financial Advisors increased its holdings in HD Supply by 7,921.9% in the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,535 shares during the period. Twin Tree Management LP acquired a new stake in HD Supply in the second quarter valued at $149,000. Aviance Capital Management LLC increased its holdings in HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 1,401 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in HD Supply in the second quarter valued at $214,000. Institutional investors own 98.10% of the company’s stock.
In related news, Chairman Joseph J. Deangelo purchased 50,000 shares of the stock in a transaction dated Friday, December 14th. The stock was bought at an average cost of $36.99 per share, for a total transaction of $1,849,500.00. Following the completion of the acquisition, the chairman now owns 292,618 shares of the company’s stock, valued at $10,823,939.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $42.37, for a total transaction of $26,321,726.95. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.
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.