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Thursday, September 28, 2023

When Will HD Supply Holdings Inc. (HDS) Slow Down

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HD Supply Holdings Inc. (HDS) shares are trading at higher $55.93 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $54.10.

To add more color to this target, the company’s high over the last year is $55.96 and the low is $21.69. Over the last 52 weeks, HDS is up 42.68% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HDS reported a profit of $198.0 million. HD Supply Holdings Inc. also saw revenues increase to $1.55 billion. In addition, HDS has free cash flow of $306.0 million as of 07-2020. The company’s EBITDA came in at $228.0 million which compares well with its peers.

HDS booked profit margins of 6.90%, its Return on Equity (ROE) is 29.30%, and its Return on Assets is 8.70%. All told, it is clear that, HDS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HDS has a short ratio of 1.04 and outstanding shares of 160.93M.

Company Outlook

HDS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.11 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.53. HD Supply Holdings Inc. HDS also noted assets of $4.29 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HDS has historically followed its peers on positive news.

All told, HD Supply Holdings Inc. HDS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HDS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

HD Supply Holdings Inc. HDS is now commanding a market cap of 9.07B and a float of 160.87M. HDS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HDS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HDS, either long or short, and we have not been compensated for this article.

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