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.
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.
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