The stock of HD Supply Holdings Inc (NASDAQ:HDS) reached all time high today, Nov, 16 and still has $50.57 target or 32.00% above today’s $38.31 share price. This indicates more upside for the $7.84B company. This technical setup was reported by Barchart.com. If the $50.57 PT is reached, the company will be worth $2.51B 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 424,406 shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 13.81% since April 14, 2016 and is uptrending. It has outperformed by 9.12% 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. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, March 22 report. The stock has “Positive” rating given by Susquehanna on Tuesday, November 17. On Thursday, September 8 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Outperform” rating on Thursday, July 30 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, October 25 report. Morgan Stanley maintained HD Supply Holdings Inc (NASDAQ:HDS) rating on Monday, March 21. Morgan Stanley has “Equal-Weight” rating and $34 price target. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Outperform” rating given on Thursday, September 10 by RBC Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, December 18. The rating was initiated by Macquarie Research with “Outperform” on Friday, August 26. 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 improved, 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.
Strs Ohio last reported 145,000 shares in the company. Qs Invsts Ltd Limited Liability Company holds 0.01% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 43,398 shares. Palisade Mngmt Ltd Nj reported 19,590 shares or 0.02% of all its holdings. Asset Incorporated last reported 30,929 shares in the company. Bank & Trust Of America De last reported 5.89 million shares in the company. Fund Mngmt accumulated 0.07% or 205,176 shares. The California-based California State Teachers Retirement Sys has invested 0.03% in HD Supply Holdings Inc (NASDAQ:HDS). Babson Cap Management Ltd Liability Com has invested 0.04% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS). Schwab Charles Inv accumulated 0.02% or 509,488 shares. Marshall Wace Limited Liability Partnership has invested 0.06% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS). Da Davidson And Com holds 0% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 3,128 shares. The New York-based Kings Point Cap Management has invested 0% in HD Supply Holdings Inc (NASDAQ:HDS). Allianz Asset Ag holds 0.01% or 526,844 shares in its portfolio. The Switzerland-based Credit Suisse Ag has invested 0.01% in HD Supply Holdings Inc (NASDAQ:HDS). Parsons Cap Mgmt Ri holds 14,350 shares or 0.06% of its portfolio.
More recent HD Supply Holdings Inc (NASDAQ:HDS) news were published by: Wsj.com which released: “Jana Partners Takes 8.1% Stake in HD Supply” on October 27, 2016. Also Reuters.com published the news titled: “BRIEF-HD Supply Holdings Inc Sees Q3 2016 sales about $2.008 bln” on November 09, 2016. Globenewswire.com‘s news article titled: “HD Supply Holdings, Inc. Announces Preliminary Quarterly Sales and Q3’16 …” with publication date: November 09, 2016 was also an interesting one.
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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