SG Americas Securities LLC Takes Position in HD Supply Holdings, Inc. (NASDAQ:HDS)

SG Americas Securities LLC purchased a new stake in HD Supply Holdings, Inc. (NASDAQ:HDS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,255 shares of the industrial products company’s stock, valued at approximately $712,000.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 5,081 shares during the period. Shell Asset Management Co. bought a new stake in HD Supply Holdings in the first quarter valued at $360,000. Morgan Stanley grew its position in HD Supply Holdings by 41.5% in the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock valued at $36,411,000 after acquiring an additional 259,835 shares during the period. Quantitative Investment Management LLC bought a new stake in HD Supply Holdings in the first quarter valued at $2,595,000. Finally, TIAA CREF Investment Management LLC grew its position in HD Supply Holdings by 60.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock valued at $78,917,000 after acquiring an additional 721,635 shares during the period.

HD Supply Holdings, Inc. (HDS) opened at 34.92 on Friday. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 11.03 and a beta of 1.40. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73. The stock’s 50 day moving average price is $31.96 and its 200 day moving average price is $35.88.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, equities research analysts predict that HD Supply Holdings, Inc. will post $2.21 EPS for the current year.

HD Supply Holdings announced that its board has approved a share repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of analysts have weighed in on the company. UBS AG cut HD Supply Holdings from a “positive” rating to a “neutral” rating in a research report on Wednesday, June 14th. BidaskClub cut HD Supply Holdings from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Wells Fargo & Company restated an “outperform” rating and set a $40.00 target price (down previously from $48.00) on shares of HD Supply Holdings in a report on Wednesday, July 12th. Deutsche Bank AG cut HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Friday, June 9th. Finally, Northcoast Research assumed coverage on HD Supply Holdings in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.14.

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HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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