Notable Mover: Could HD Supply Holdings Inc Go Down After Reaching 52-Week High?

Notable Mover: Could HD Supply Holdings Inc Go Down After Reaching 52 Week High?

The stock of HD Supply Holdings Inc (NASDAQ:HDS) hit a new 52-week high and has $49.08 target or 33.00% above today’s $36.90 share price. The 6 months bullish chart indicates low risk for the $7.70 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $49.08 price target is reached, the company will be worth $2.54 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.63M shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 10.93% since April 11, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

HD Supply Holdings Inc (NASDAQ:HDS) Ratings Coverage

Out of 9 analysts covering HD Supply Holdings (NASDAQ:HDS), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. HD Supply Holdings has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Thursday, December 10. The firm has “Positive” rating by Susquehanna given on Wednesday, December 9. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, September 10 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, March 21. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 5. On Thursday, October 15 the stock rating was initiated by Goldman Sachs with “Buy”. Susquehanna upgraded HD Supply Holdings Inc (NASDAQ:HDS) rating on Tuesday, November 17. Susquehanna has “Positive” rating and $35 price target. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Friday, December 18. The firm has “Outperform” rating given on Friday, June 17 by Credit Suisse. The company was upgraded on Thursday, July 30 by RBC Capital Markets.

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.”

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.13, from 1.08 in 2016Q1. The ratio increased, as 30 funds sold all HD Supply Holdings Inc shares owned while 111 reduced positions. 51 funds bought stakes while 120 increased positions. They now own 183.08 million shares or 1.43% less from 185.74 million shares in 2016Q1.
Tower Research Capital Limited Liability (Trc) accumulated 64 shares or 0% of the stock. Balyasny Asset Mngmt Limited owns 79,800 shares or 0.02% of their US portfolio. The Massachusetts-based Babson Capital Ltd Liability has invested 0.04% in HD Supply Holdings Inc (NASDAQ:HDS). Bartlett & Ltd Liability has 101 shares for 0% of their US portfolio. Amalgamated Bancorporation reported 32,125 shares or 0.07% of all its holdings. First Dallas, a Texas-based fund reported 7,850 shares. Capstone Limited Com accumulated 0.01% or 19,000 shares. Royal State Bank Of Canada accumulated 52,216 shares or 0% of the stock. Farallon Capital Mngmt Limited Liability Company last reported 3.93M shares in the company. Canada Pension Plan Investment Board has 313,674 shares for 0.04% of their US portfolio. Calvert Investment Incorporated holds 225,798 shares or 0.41% of its portfolio. Eqis Mgmt accumulated 34,402 shares or 0.08% of the stock. Pictet Asset Mngmt holds 0.29% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 2.11M shares. Brc Investment Mgmt Ltd Liability Co holds 277,578 shares or 1.68% of its portfolio. Frontier Management Communications Limited Liability Corp holds 0.81% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 2.85 million shares.

More important recent HD Supply Holdings Inc (NASDAQ:HDS) news were published by: Reuters.com which released: “BRIEF-HD Supply Holdings Inc Sees Q3 2016 sales about $2.008 bln” on November 09, 2016, also Barrons.com published article titled: “Jana Partners Weighs HD Supply Holdings”, Reuters.com published: “CORRECTED-UPDATE 1-Activist Jana Partners stocks up on HD Supply shares” on October 27, 2016. More interesting news about HD Supply Holdings Inc (NASDAQ:HDS) was released by: Finance.Yahoo.com and their article: “Jana Partners Adds to Stake in HD Supply Holdings” with publication date: October 28, 2016.

HDS Company Profile

HD Supply Holdings, Inc., incorporated on June 18, 2007, is an industrial distributor in North America. The Firm provides a range of products and value-add services to approximately 500,000 clients in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Firm operates in three divisions: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap. Facilities Maintenance distributes MRO products, provides value-add services and fabricates custom products. Waterworks distributes lines of water and wastewater transmission products, serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Construction & Industrial-White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors.

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