Analysis: HD Supply Holdings (NASDAQ:HDS) Target Change Today
In a recent report issued to clients by JP Morgan on Friday morning, the firm, HD Supply Holdings (NASDAQ:HDS), had their target price cut to $32.00. Analusts right now have a solid Neutral rating on the stock.
From a total of 13 analysts covering HD Supply Holdings (NASDAQ:HDS) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $45 while the lowest target price is $33. The mean of all analyst targets is $36.62 with a 17.37% above today’s ($29.65) stock price. HD Supply Holdings was the topic of 12 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 10 with “Outperform” rating. RBC Capital Markets maintained HDS stock in a recent report from December 9 with “Outperform” rating. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on an October 5.
Approximately 1.37M shares of stock traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has declined 8.53% since May 8, 2015 and is downtrending. It has underperformed by 5.51% the S&P500.
The overall sentiment of institutions has increased to 1.73 in Q2 2015. Its up 0.17, from 1.56 in 2015Q2. The ratio improved, as 35 institutions have sold all the shares of HD Supply Holdings Inc that they owned while 76 funds have taken shares off the table. 55 funds have purchased shares for the first time while 137 added to their positions. These institutions now hold 197.19 million shares or 6.59% more than the 185.01 million shares they owned in 2015Q2.
The Fund Tiger Veda Management Llc currently is holding shares equating to 6.97% of its total portfolio in HD Supply Holdings Inc representing a total of 408,306 shares. Another fund,Newbrook Capital Advisors Lp, is holding a total of 1.72 million shares equating to 6.77% of their holdings. Additionally, Welch Capital Partners Llc Ny has a 407,732 share stake in HD Supply Holdings Inc which represents 3.97% of their total portfolio. The Fund, Messner & Smith Theme Value Investment Management Ltd Ca, based out of California, has also built up a stake in the stock, which represents a total of 3.56% of their total portfolio. Finally Sasco Capital Inc Ct, a fund which is based in the state of Connecticut reported a total holdings of 5.43 million shares.
HD Supply Holdings, Inc. is an industrial distributor in North America. The company has a market cap of $6.02 billion. It operates in four divisions: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. It has 22.95 P/E ratio. Facilities Maintenance distributes maintenance, repair and activities products, provides value-add services and fabricates custom products.
According to Zacks Investment Research, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia.” Get a free copy of the Zacks research report on HD Supply Holdings Inc (HDS).