Stock Worth Mentioning: HD Supply Holdings Inc Surges to Record High, Is Now Top Performer

Stock Worth Mentioning: HD Supply Holdings Inc Surges to Record High, Is Now Top Performer

The stock of HD Supply Holdings Inc (NASDAQ:HDS) reached all time high today, Nov, 11 and still has $56.63 target or 53.00% above today’s $37.01 share price. This indicates more upside for the $7.72 billion company. This technical setup was reported by Barchart.com. If the $56.63 PT is reached, the company will be worth $4.09 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 157,868 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. $43 is the highest target while $30 is the lowest. The $35.75 average target is -3.40% below today’s ($37.01) stock price. HD Supply Holdings has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Positive” rating given on Wednesday, December 9 by Susquehanna. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Outperform”. The stock of HD Supply Holdings Inc (NASDAQ:HDS) earned “Outperform” rating by Credit Suisse on Tuesday, September 15. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with “Outperform”. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, March 22. The firm has “Equal-Weight” rating given on Monday, March 21 by Morgan Stanley. On Thursday, September 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Credit Suisse with “Outperform” on Thursday, December 10. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Buy” rating given on Thursday, October 15 by Goldman Sachs.

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 Q2 2016. 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.
Cantab Prtn Limited Liability Partnership has 4,365 shares for 0% of their US portfolio. Walleye Trading Limited Liability Corp accumulated 15,509 shares or 0% of the stock. Moreover, Eagle Asset Mgmt has 0.19% invested in HD Supply Holdings Inc (NASDAQ:HDS) for 774,012 shares. American Century last reported 5.54M shares in the company. Ubs Asset Management Americas last reported 159,054 shares in the company. Broadview Advsrs Ltd Liability Corp holds 301,831 shares or 1.57% of its portfolio. Highland Capital Mngmt Lc owns 14,884 shares or 0.04% of their US portfolio. Seabridge Investment Limited Liability Com accumulated 880 shares or 0.01% of the stock. Blackrock Inv Llc holds 191,784 shares or 0.01% of its portfolio. Ngam Advsrs Ltd Partnership has invested 0.05% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS). Convergence Prtn Limited Liability Corp holds 0.21% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 44,430 shares. Bancorporation Of America De has 0.05% invested in the company for 5.89 million shares. Columbus Circle Investors owns 493,612 shares or 0.17% of their US portfolio. State Of Wisconsin Inv Board holds 0.02% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 131,130 shares. Everpoint Asset Management holds 0.05% or 70,000 shares in its portfolio.

More notable recent HD Supply Holdings Inc (NASDAQ:HDS) news were published by: Finance.Yahoo.com which released: “HD Supply Holdings, Inc. Announces Preliminary Quarterly Sales and Q3’16 …” on November 09, 2016, also Barrons.com with their article: “Jana Partners Weighs HD Supply Holdings” published on November 05, 2016, Reuters.com published: “BRIEF-HD Supply Holdings Inc Sees Q3 2016 sales about $2.008 bln” on November 09, 2016. More interesting news about HD Supply Holdings Inc (NASDAQ:HDS) were released by: Prnewswire.com and their article: “Research Reports Initiation on Industrial Goods Stocks — HD Supply, Fastenal …” published on November 11, 2016 as well as Reuters.com‘s news article titled: “CORRECTED-UPDATE 1-Activist Jana Partners stocks up on HD Supply shares” with publication date: October 27, 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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