In a report released yesterday, Michael McGinn from Wells Fargo maintained a Hold rating on HD Supply Holdings (HDS). The company’s shares closed last Thursday at $39.66.
According to TipRanks.com, McGinn is a 3-star analyst with an average return of 17.6% and a 60.0% success rate. McGinn covers the Industrial Goods sector, focusing on stocks such as Fastenal Company, WW Grainger, and Univar.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HD Supply Holdings with a $41.83 average price target, which is a 1.7% upside from current levels. In a report issued on August 25, RBC Capital also maintained a Hold rating on the stock with a $43.00 price target.
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Based on HD Supply Holdings’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.4 billion and net profit of $72 million. In comparison, last year the company earned revenue of $1.49 billion and had a net profit of $107 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HDS in relation to earlier this year.
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HD Supply Holdings, Inc. engages as an industrial distributors in North America. It operates through the following segments: Facilities Maintenance, Construction & Industrial and Corporate & Elimination. The Facilities Maintenance segment distributes MRO products, provides value-added services and fabricates custom products. The Construction & Industrial segment specializes in the distribution of hardware, tools, engineered materials and safety products to non-residential and residential contractors. The Corporate & Elimination segment includes costs related to centralized support functions, which are comprised of finance, information technology, human resources, legal, supply chain and other support services, and removes inter-segment transactions. The company is headquartered in Atlanta, GA.
