HD Supply Holdings Inc (HDS) is Initiated by Macquarie to Outperform, Price Target at $42

HD Supply Holdings Inc (HDS) was Initiated by Macquarie to “Outperform” and the brokerage firm has set the Price Target at $42. Macquarie advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. HD Supply Holdings Inc was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016. HD Supply Holdings Inc was Initiated by Longbow to “Buy” on Jun 2, 2016.

On the company’s financial health, HD Supply Holdings Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.47. The company had revenue of $1844.00 million for the quarter, compared to analysts expectations of $1836.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

HD Supply Holdings Inc closed down -0.34 points or -0.93% at $36.27 with 31,53,910 shares getting traded on Tuesday. Post opening the session at $36.12, the shares hit an intraday low of $36 and an intraday high of $36.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 10, 2016, Margaret Newman (SVP, Chief HR Officer) sold 18,000 shares at $36.00 per share price. According to the SEC, on Mar 8, 2016, Stephen O Leclair (Pres.,HD Supply Waterworks) sold 1,325 shares at $28.84 per share price. On Mar 8, 2016, Joseph J Deangelo (Chairman, President and CEO) sold 15,106 shares at $28.81 per share price, according to the Form-4 filing with the securities and exchange commission.

HD Supply Holdings Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance repair and operations (MRO) products provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products power plant MRO supplies and smart-grid products and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware tools engineered materials and safety products to non-residential and residential contractors.

HD Supply Holdings Inc

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