HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at William Blair cut their Q1 2021 EPS estimates for HD Supply in a research note issued to investors on Tuesday, March 17th. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.68. William Blair also issued estimates for HD Supply’s Q3 2021 earnings at $0.89 EPS and Q4 2021 earnings at $0.60 EPS.
HDS has been the subject of a number of other reports. Bank of America cut HD Supply from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Tuesday, December 17th. BidaskClub cut HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday. Buckingham Research upped their price target on HD Supply from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Wells Fargo & Co lowered their price target on HD Supply from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Finally, Raymond James decreased their price objective on HD Supply from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.64.
Shares of HDS stock opened at $26.74 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.04 and a quick ratio of 1.10. The stock has a market cap of $3.76 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.39 and a beta of 1.09. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $39.41. HD Supply has a one year low of $21.69 and a one year high of $47.13.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, March 17th. The industrial products company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. HD Supply had a return on equity of 43.45% and a net margin of 7.35%. HD Supply’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.
Institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its position in HD Supply by 164.6% during the 4th quarter. Macquarie Group Ltd. now owns 483,201 shares of the industrial products company’s stock worth $19,434,000 after acquiring an additional 300,600 shares during the last quarter. Norges Bank bought a new stake in shares of HD Supply during the 4th quarter worth approximately $88,580,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of HD Supply by 153.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 94,403 shares of the industrial products company’s stock worth $3,797,000 after purchasing an additional 57,228 shares in the last quarter. Pearl River Capital LLC raised its stake in shares of HD Supply by 364.9% during the 4th quarter. Pearl River Capital LLC now owns 5,709 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 4,481 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HD Supply by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,924,933 shares of the industrial products company’s stock worth $77,354,000 after purchasing an additional 5,624 shares in the last quarter. Institutional investors and hedge funds own 97.81% 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 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.