Noteworthy Price Action: Can HD Supply Holdings Inc’s Tomorrow be Different? The Stock Just Broke Its High

Noteworthy Price Action: Can HD Supply Holdings Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of HD Supply Holdings Inc (NASDAQ:HDS) hit a new 52-week high and has $42.94 target or 8.00% above today’s $39.76 share price. The 5 months bullish chart indicates low risk for the $8.15B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $42.94 price target is reached, the company will be worth $652.00 million 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 1.14M shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 14.30% since April 28, 2016 and is uptrending. It has outperformed by 8.38% the S&P500.

Analysts await HD Supply Holdings Inc (NASDAQ:HDS) to report earnings on December, 6 before the open. They expect $0.82 earnings per share, up 24.24% or $0.16 from last year’s $0.66 per share. HDS’s profit will be $168.08 million for 12.12 P/E if the $0.82 EPS becomes a reality. After $0.85 actual earnings per share reported by HD Supply Holdings Inc for the previous quarter, Wall Street now forecasts -3.53% negative EPS growth.

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 RBC Capital Markets on Wednesday, December 9. On Friday, June 17 the stock rating was reinitiated by Credit Suisse with “Outperform”. The rating was initiated by KeyBanc Capital Markets on Friday, December 18 with “Overweight”. The company was upgraded on Tuesday, November 17 by Susquehanna. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Overweight” rating given on Monday, October 5 by Barclays Capital. The company was upgraded on Thursday, July 30 by RBC Capital Markets. The company was maintained on Tuesday, October 25 by RBC Capital Markets. Longbow initiated the stock with “Buy” rating in Thursday, June 2 report. RBC Capital Markets downgraded the shares of HDS in a report on Tuesday, September 20 to “Sector Perform” rating. The firm has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT.

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 worsened, 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.
Credit Suisse Ag last reported 198,392 shares in the company. Longbow Cap Prtnrs L P accumulated 14,523 shares or 11.27% of the stock. Wealth Enhancement Advisory Limited Liability Company owns 45,366 shares or 0.29% of their US portfolio. Da Davidson & Co last reported 0% of its portfolio in the stock. Mountain Pacific Invest Advisers Id holds 295,000 shares or 1.18% of its portfolio. Affinity Invest Advsrs Ltd Liability Corp last reported 191,434 shares in the company. Balyasny Asset Mngmt Ltd Liability Company last reported 0.02% of its portfolio in the stock. State Of New Jersey Common Pension Fund D has 0.01% invested in the company for 75,000 shares. Kdi Cap Partners Limited accumulated 191,481 shares or 2.11% of the stock. Fmr Ltd holds 0.1% or 20.88 million shares in its portfolio. Ladenburg Thalmann Financial Services last reported 0% of its portfolio in the stock. Fred Alger owns 4.49 million shares or 0.83% of their US portfolio. Connor Clark Lunn Investment holds 0.01% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 32,600 shares. Moreover, Blackrock Institutional Trust Na has 0.03% invested in HD Supply Holdings Inc (NASDAQ:HDS) for 4.75 million shares. The Florida-based Independent Consultants has invested 0.06% in HD Supply Holdings Inc (NASDAQ:HDS).

Another recent and important HD Supply Holdings Inc (NASDAQ:HDS) news was published by Nasdaq.com which published an article titled: “HD Supply Holdings Reaches Analyst Target Price” on November 16, 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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