Price Action Report: Is HD Supply Holdings Inc’s Fuel Running Low? The Stock Reaches 52-Week High Today

Price Action Report: Is HD Supply Holdings Inc's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of HD Supply Holdings Inc (NASDAQ:HDS) hit a new 52-week high and has $64.05 target or 69.00% above today’s $37.90 share price. The 8 months bullish chart indicates low risk for the $7.76B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $64.05 price target is reached, the company will be worth $5.35B 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 240,237 shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 13.81% since April 14, 2016 and is uptrending. It has outperformed by 9.12% 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. Longbow initiated the stock with “Buy” rating in Thursday, June 2 report. As per Friday, December 18, the company rating was initiated by KeyBanc Capital Markets. The firm has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. The stock has “Outperform” rating given by Credit Suisse on Tuesday, September 15. Macquarie Research initiated it with “Outperform” rating and $42 target price in Friday, August 26 report. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Equal-Weight” rating given on Monday, March 21 by Morgan Stanley. As per Thursday, July 30, the company rating was upgraded by RBC Capital Markets. The stock has “Buy” rating given by Sterne Agee CRT on Tuesday, March 22. Goldman Sachs initiated the stock with “Buy” rating in Thursday, October 15 report. The company was maintained on Thursday, December 10 by Credit Suisse.

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 increased to 1.21 in 2016 Q2. Its up 0.13, from 1.08 in 2016Q1. The ratio increased, 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.
Menta Capital Llc last reported 16,175 shares in the company. Bartlett Communication Limited Liability Corporation holds 0% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 101 shares. Analytic Invsts Ltd Company has 0.14% invested in the company for 349,896 shares. Caisse De Depot Et Placement Du Quebec owns 140,000 shares or 0.01% of their US portfolio. Brown Advisory reported 11,669 shares or 0% of all its holdings. The Illinois-based Ironbridge Limited Partnership has invested 0.2% in HD Supply Holdings Inc (NASDAQ:HDS). Fmr Ltd Liability Com holds 0.1% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 20.88M shares. Fred Alger last reported 4.49M shares in the company. Atlantic Group Inc Ltd Liability holds 0.08% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 333,717 shares. Bnp Paribas Prtn holds 0.04% or 144,709 shares in its portfolio. Visium Asset Mgmt L P has 0.02% invested in the company for 10,172 shares. Hbk Investments Ltd Partnership reported 393,771 shares or 0.11% of all its holdings. Victory Capital Management Incorporated accumulated 0.15% or 1.08 million shares. The Illinois-based Balyasny Asset Mngmt Lc has invested 0.02% in HD Supply Holdings Inc (NASDAQ:HDS). Tributary Management Ltd Llc last reported 0.32% of its portfolio in the stock.

More recent HD Supply Holdings Inc (NASDAQ:HDS) news were published by: Wsj.com which released: “Jana Partners Takes 8.1% Stake in HD Supply” on October 27, 2016. Also Reuters.com published the news titled: “BRIEF-HD Supply Holdings Inc Sees Q3 2016 sales about $2.008 bln” on November 09, 2016. Globenewswire.com‘s news article titled: “HD Supply Holdings, Inc. Announces Preliminary Quarterly Sales and Q3’16 …” with publication date: November 09, 2016 was also an interesting one.

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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