HD Supply Holdings (NASDAQ:HDS) Stock Target Increased
In an analyst note shared with investors and clients by RBC Capital Markets on 28 September, HD Supply Holdings (NASDAQ:HDS) had its target price per share downgraded to $39.00. The firm right now has “Outperform” rating on the stock.
The target decrease was most probably noticed by investors, as NASDAQ:HDS is now trading -5.64% lower at $28.90 as of 14:04 New York time. HD Supply Holdings’s stock is up 6.69% over the last 200 days. It has outperformed the Standard & Poor’s 500 index, which has decreased -6.24% over the same time period.
Out of 12 brokers covering HD Supply Holdings, 11 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $45 and the lowest is $35 according to Thomson/First Call. The 12-month mean target is $38.75, which means upside potential of 34.08% over the current price.
Institutional Ownership
Bain Capital Investors Llc had the most significant stake with ownership of 26.46M shares as of Q2 2015 for 10.32% of the long stock exposure. Tiger Veda Management Llc is another bullish institutional investor who is owning 413,800 shares of HD Supply Holdings or 5.22% of their long stock exposure. Further, Water Asset Management Llc have 4.66% of their long stock exposure invested in the company for 247,493 shares. The New York-based fund Welch Capital Partners Llc Ny disclosed it had purchased a stake worth about 4.27% of the institutional investor’s stock portfolio in HD Supply Holdings. The New York-based fund Corsair Capital Management L.P. is also positive about the stock, possessing 407,212 shares or 3.74% of their long stock exposure.
HD Supply Holdings (NASDAQ:HDS) Profile
HD Supply Holdings, Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance, repair and operations (MRO) products, provides value-add services and fabricates custom products.
HD Supply Holdings (NASDAQ:HDS) traded down -5.64% on 28 September, hitting $28.9. A total of 2.80M shares of the company’s stock traded hands. This is up from average of 2.35M shares. HD Supply Holdings has a 52 week low of $22.18 and a 52 week high of $36.81. The company has a market cap of $6.04 billion and a P/E ratio of 18.56.
