Brokerages predict that HD Supply Holdings Inc (NASDAQ:HDS) will report sales of $1.65 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for HD Supply’s earnings, with estimates ranging from $1.64 billion to $1.65 billion. HD Supply reported sales of $1.61 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, December 3rd.
On average, analysts expect that HD Supply will report full year sales of $6.18 billion for the current year, with estimates ranging from $6.15 billion to $6.30 billion. For the next year, analysts forecast that the firm will post sales of $6.40 billion, with estimates ranging from $6.32 billion to $6.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow HD Supply.
HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis.
HDS has been the topic of several recent analyst reports. Wells Fargo & Co raised their price objective on shares of HD Supply from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday. William Blair downgraded shares of HD Supply from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Longbow Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, June 3rd. Barclays downgraded shares of HD Supply from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $44.00 to $42.00 in a report on Thursday. Finally, Bank of America set a $51.00 price target on shares of HD Supply and gave the company a “buy” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.36.
HDS opened at $38.72 on Friday. The company has a market capitalization of $6.29 billion, a PE ratio of 11.39, a PEG ratio of 0.65 and a beta of 1.11. HD Supply has a 1-year low of $35.35 and a 1-year high of $47.13. The firm’s 50 day simple moving average is $38.72 and its two-hundred day simple moving average is $41.24. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66.
In related news, Director Lauren Taylor Wolfe acquired 600,000 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $38.55 per share, with a total value of $23,130,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HDS. Pearl River Capital LLC raised its holdings in shares of HD Supply by 18.4% in the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 368 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of HD Supply in the 2nd quarter valued at about $124,000. Twin Tree Management LP raised its holdings in shares of HD Supply by 61.2% in the 1st quarter. Twin Tree Management LP now owns 3,298 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 1,252 shares in the last quarter. Signaturefd LLC raised its holdings in shares of HD Supply by 49.1% in the 1st quarter. Signaturefd LLC now owns 3,797 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of HD Supply by 18.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,284 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 674 shares in the last quarter. 97.93% of the stock is owned by institutional investors.
HD Supply Company Profile
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.
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