HD Supply Holdings, Inc. (NASDAQ:HDS):
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against HD Supply Holdings, Inc. (HDS) & Lead Plaintiff Deadline: September 11, 2017.
The company is so far trading down since yesterday’s close of $29.82.
HD Supply Holdings, Inc., launched on June 18, 2007, is an industrial distributor in North America. The Business’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces. It serves contractors, government entities, maintenance professionals, home builders and industrial businesses. As of January 29, 2017, its range of product lines and services included approximately 845,000 stock-keeping units (SKUs) of products, brands, as well as value-add services supporting the entire life-cycle of a project from infrastructure and construction to maintenance, repair and operations..
Company shares last traded at $29.43 which is just under the 50 day moving average of $36.21 and which is a tad under the 200 day moving average of $40.34. The 50 day moving average was down $-6.78 and the 200 day average moved down $-10.91.
HD Supply Holdings, Inc. currently has a P/E ratio of 20.244 and the market cap is 5.97B. As of the last earnings report the EPS was $1.45 and is expected to be $2.10 for the current year with 202,659,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.64 and the next full year EPS is projected to be $2.64.
Traders are a little more bearish on HD Supply Holdings, Inc. lately if you take into consideration the uptick in short interest. The company had a rise in short interest of 4.41% as of May 15, 2017 from the last reporting period. Short shares increased from 2,816,648 to 2,940,968 over that period. Days to cover decreased from 2.1 to 1.0 and the percentage of shorted shares is 0.01% as of May 15.
A few investment analysts have provided guidance on the company of late. On July 10 the stock rating was downgraded from “Buy” to “Neutral” in an announcement from Longbow Research. On June 14 the company was rated “Neutral” according to a Susquehanna report which was a cut from the previous “Positive” rating.
On June 7 the company was downgraded to “Hold” from “” by Drexel Hamilton. On June 7 the stock rating was downgraded to “Neutral” from “” with a current price target of $37.00 by analysts at Baird.
On December 7 the company was downgraded from “Buy” to “Outperform” in a report from SunTrust Robinson Humphrey. On December 7, 2016 the stock rating was changed to a “Outperform” by RBC Capital a boost from the previous “Outperform” rating.