The stock of HD Supply Holdings Inc (NASDAQ:HDS) reached all time high today, Nov, 22 and still has $42.26 target or 8.00% above today’s $39.13 share price. This indicates more upside for the $7.87 billion company. This technical setup was reported by Barchart.com. If the $42.26 PT is reached, the company will be worth $629.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 589,515 shares traded hands. HD Supply Holdings Inc (NASDAQ:HDS) has risen 15.20% since April 20, 2016 and is uptrending. It has outperformed by 10.64% 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. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, March 22 report. Credit Suisse initiated HD Supply Holdings Inc (NASDAQ:HDS) on Tuesday, September 15 with “Outperform” rating. Susquehanna maintained the stock with “Positive” rating in Wednesday, December 9 report. The stock of HD Supply Holdings Inc (NASDAQ:HDS) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 25. The firm has “Outperform” rating given on Thursday, September 8 by RBC Capital Markets. The stock of HD Supply Holdings Inc (NASDAQ:HDS) has “Buy” rating given on Thursday, October 15 by Goldman Sachs. The company was initiated on Friday, December 18 by KeyBanc Capital Markets. The stock of HD Supply Holdings Inc (NASDAQ:HDS) earned “Buy” rating by Longbow on Thursday, June 2. Credit Suisse maintained it with “Outperform” rating and $33 target price in Thursday, December 10 report. The firm earned “Equal-Weight” rating on Monday, March 21 by Morgan Stanley.
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.
Blackrock Fund accumulated 1.90 million shares or 0.01% of the stock. Columbus Circle last reported 493,612 shares in the company. Rhumbline Advisers owns 182,582 shares or 0.02% of their US portfolio. Qs Ltd Llc, a New York-based fund reported 43,398 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.01% invested in HD Supply Holdings Inc (NASDAQ:HDS) for 75,000 shares. Fuller And Thaler Asset Mngmt accumulated 3,100 shares or 0% of the stock. Messner & Smith Theme Value Invest Management Ca holds 3.14% or 48,995 shares in its portfolio. Phocas, a California-based fund reported 135,054 shares. Hsbc Public Limited Co holds 257,112 shares or 0.02% of its portfolio. Paradigm Fincl Advisors Limited Liability Corporation holds 0.57% of its portfolio in HD Supply Holdings Inc (NASDAQ:HDS) for 27,227 shares. Water Asset Lc reported 132,326 shares or 4.23% of all its holdings. Corsair Capital Mgmt Lp accumulated 649,818 shares or 3.45% of the stock. Wells Fargo & Company Mn, a California-based fund reported 4.17M shares. Vaughan Nelson Management L P, a Texas-based fund reported 1.40 million shares. Blackrock Advsrs Ltd Limited Liability Company owns 1.06 million shares or 0.04% of their US portfolio.
More news for HD Supply Holdings Inc (NASDAQ:HDS) were recently published by: Nasdaq.com, which released: “HD Supply Holdings Reaches Analyst Target Price” on November 16, 2016. Reuters.com‘s article titled: “CORRECTED-UPDATE 1-Activist Jana Partners stocks up on HD Supply shares” and published on October 27, 2016 is yet another important article.
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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