Tributary Capital Management LLC Has $1.50 Million Stake in HD Supply Holdings, Inc. (HDS)

Tributary Capital Management LLC decreased its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,800 shares of the industrial products company’s stock after selling 1,700 shares during the period. Tributary Capital Management LLC’s holdings in HD Supply Holdings were worth $1,495,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of HD Supply Holdings during the first quarter valued at $136,000. Tower Research Capital LLC TRC increased its stake in shares of HD Supply Holdings by 648.1% in the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after buying an additional 3,221 shares in the last quarter. Finally, Creative Planning increased its stake in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares in the last quarter. 97.60% of the stock is currently owned by institutional investors.

Shares of HD Supply Holdings, Inc. (NASDAQ HDS) traded down 1.57% on Tuesday, reaching $31.31. 2,043,662 shares of the company’s stock traded hands. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73. The firm’s 50 day moving average is $31.31 and its 200 day moving average is $38.37. The firm has a market capitalization of $6.35 billion, a P/E ratio of 21.53 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. Analysts expect that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current fiscal year.

HD Supply Holdings announced that its Board of Directors has initiated a share buyback program on Tuesday, June 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have recently weighed in on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of HD Supply Holdings in a research note on Wednesday, June 14th. Robert W. Baird downgraded shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. BidaskClub downgraded shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of HD Supply Holdings in a research note on Tuesday, April 11th. Finally, Raymond James Financial, Inc. raised shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.50.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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