Stock of The Day: Could HD Supply Holdings Inc Change Direction After Touching 52-Week High?

Stock of The Day: Could HD Supply Holdings Inc Change Direction After Touching 52 Week High?

The stock of HD Supply Holdings Inc (NASDAQ:HDS) hit a new 52-week high and has $60.81 target or 57.00% above today’s $38.73 share price. The 5 months bullish chart indicates low risk for the $7.79B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $60.81 price target is reached, the company will be worth $4.44 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 127,867 shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 15.30% since April 19, 2016 and is uptrending. It has outperformed by 11.44% 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. As per Tuesday, September 20, the company rating was downgraded by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, October 25. The firm earned “Outperform” rating on Thursday, September 10 by RBC Capital Markets. The company was initiated on Friday, August 26 by Macquarie Research. The stock of HD Supply Holdings Inc (NASDAQ:HDS) earned “Outperform” rating by Credit Suisse on Friday, June 17. The firm earned “Outperform” rating on Tuesday, September 15 by Credit Suisse. The firm has “Buy” rating by Longbow given on Thursday, June 2. Susquehanna maintained the stock with “Positive” rating in Wednesday, December 9 report. RBC Capital Markets maintained HD Supply Holdings Inc (NASDAQ:HDS) on Wednesday, December 9 with “Outperform” rating. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Friday, December 18.

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 decreased to 0.87 in Q2 2016. Its down 0.34, from 1.21 in 2016Q1. The ratio is negative, 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.
Goldman Sachs Gru Inc accumulated 0.02% or 1.76M shares. Seven Eight Capital Lc has 13,104 shares for 0.16% of their US portfolio. Moneta Gp Advisors holds 0.05% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 6,775 shares. Sasco Ct holds 3.86% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 4.43 million shares. Convergence Prns Limited holds 0.21% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 44,430 shares. Paradigm Fincl Advisors Lc accumulated 0.57% or 27,227 shares. Calvert Inv Management last reported 225,798 shares in the company. Farallon Ltd Liability Com holds 3.93 million shares or 1.88% of its portfolio. Parametric Portfolio Associate, a Washington-based fund reported 358,680 shares. Affinity Inv Advisors Lc last reported 0.49% of its portfolio in the stock. Bluemountain Mgmt Ltd Limited Liability Company has 0% invested in the company for 954 shares. Advsr Asset Management holds 0.02% or 30,929 shares in its portfolio. Brown Advisory Secs Limited Liability owns 38,145 shares or 0.41% of their US portfolio. Northern Trust owns 1.05 million shares or 0.01% of their US portfolio. Jana Ptnrs Limited Liability Co accumulated 1.78% or 2.99M shares.

More important recent HD Supply Holdings Inc (NASDAQ:HDS) news were published by: Nasdaq.com which released: “HD Supply Holdings Reaches Analyst Target Price” on November 16, 2016, also Finance.Yahoo.com published article titled: “HD Supply Holdings, Inc. to Present at Robert W. Baird 2016 Industrial Conference”, 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: Globenewswire.com and their article: “HD Supply Holdings, Inc. Announces Preliminary Quarterly Sales and Q3’16 …” with publication date: November 09, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment