HD Supply Looks to Move Higher on Q2 Numbers

What's Happening With HDS View more about HDS >

HD Supply Holdings, Inc. (HDS) will report its Q2 numbers September 10 before the market open. Analysts forecast earnings of $1.09 per share for the quarter. The company earned 99 cents per share during the same period last year. HDS is up 7.7% year to date.

Technical Analysis

HDS was recently trading at $40.46 down $6.67 from its 12-month high and $5.11 above its 12-month low. InvestorsObserver’s Stock Score Report gives HDS a 47 long-term technical score and a 61 short-term technical score. The stock has recent support above $37 and recent resistance below $41.5. Of the 11 analysts who cover the stock 10 rate it Strong Buy, 1 rate it Buy, 0 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, HDS gets a score of 65 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

HDS stock ran into trouble with the overall market as trade tensions escalated, but the stock appears to have hit a bottom and shares are currently trending slightly higher. Last quarter the company delivered an earnings beat and another beat would help the stock continue to erase some of its losses from over the summer. HDS sells industrial supplies, so it is particularly vulnerable to recession fears stemming from the ongoing trade war and slowing global economies. With the stock’s losses over the summer, HDS is currently an attractive value, trading at just 12 times future earnings which are forecast to rise at a modest annual rate of 2.5% over the next five years. However, the company has a solid track record of posting better than expected numbers. Analysts believe shares are undervalued and have an average price target of $48.00 on the stock.

HDS
About HD Supply Holdings Inc.

Through a combination of acquisitions and organic growth, HD Supply has become one of the largest industrial distributors in North America. It is the market leader in the two sectors in which it operates (facilities and home improvement maintenance, repair, and operations and specialty construction). Today, HD Supply offers 650,000 stock-keeping units and serves 500,000 customers through 270 branches across the United States and Canada.

  • Last Price:
    $39.70
  • Previous Close:
    $40.01
  • Change:
    $-0.31 (-0.77%)
  • Open:
    $40.07
  • Volume:
    1,824,935
  • Average Volume (100 Day):
    1,677,692
  • Market Capitalization:
    $6.6 B
  • Day's Range:
    $39.66 - $40.08
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $47 - $35.35
  • P-E:
    16.40
  • EPS:
    $2.32
  • Earnings Date:
    12/3/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Industrials
  • Industry:
    Industrial Distribution
  • Analyst Average Recommendation:
    Strong Buy

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member

|