HD Supply Holdings Inc (HDS) was Downgraded by RBC Capital Mkts to ” Sector Perform” while Lowering the Price Target of the company shares to $ 35 from a previous price target of $43 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on HD Supply Holdings Inc. Shares were Reiterated by RBC Capital Mkts on Sep 8, 2016 to “Outperform” and Lowered the Price Target to $ 43 from a previous price target of $49 .Macquarie Initiated HD Supply Holdings Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $42.
On the company’s financial health, HD Supply Holdings Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.87. The company had revenue of $2016.00 million for the quarter, compared to analysts expectations of $2031.49 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
HD Supply Holdings Inc closed down -0.53 points or -1.66% at $31.47 with 3,766,908 shares getting traded on Friday. Post opening the session at $31.72, the shares hit an intraday low of $31.185 and an intraday high of $31.795 and the price fluctuated in this range throughout the day.Shares ended Friday 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.