Shares of HD Supply (HDS) were dropping 10.34% to $32.51 in pre-market trading on Wednesday after the Atlanta-based industrial distributor posted lower-than-expected results for the 2016 second quarter and weak third quarter guidance. The shares were sold at an average price of $36.00, for a total value of $648,000.00.
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(NASDAQ:HDS) has shown downward move of -1.41% and ended the last trade at $36.26.
The share price of the company (NASDAQ:HDS) was down -1.41%, with a high of 36.97 during the day and the volume of HD Supply Holdings, Inc. shares traded was 2628302. 14 Analysts reported that the Price Target for HD Supply Holdings, Inc. might touch $49 high while the Average Price Target and Low price Target is $40.86 and $37 respectively. Montag & Caldwell LLC now owns 31,658 shares of the company’s stock worth $1,102,000 after buying an additional 100 shares during the last quarter. It shifted up 15.33% in contrast to its 200 day moving average of $33.51. The company’s distance from 52-week high price is -1.97% and current price is above +70.56% from 52-week low price.
HD Supply, spun off from Home Depot Inc. Waterworks distributes water and wastewater transmission products, serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. There were about 197.34M shares outstanding which made its market cap $7.26B. The ask price represents the minimum price that a seller or sellers are willing to receive for the security. Finally, Hexavest Inc. boosted its position in HD Supply Holdings by 11.5% in the second quarter. Macquarie Initiated HD Supply Holdings Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $42.HD Supply Holdings Inc was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016. They issued a “buy” rating and a $43.00 price objective on the stock. They now have a United States dollars 40 price target on the stock. TheStreet cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock.
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12/09/2015 – HD Supply Holdings, Inc. had its “positive” rating reiterated by analysts at Susquehanna. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. The Firm provides a range of products and value-add services to approximately 500,000 clients in maintenance, fix and operations, water infrastructure and residential and non-residential construction sectors.
