Meiji Yasuda Life Insurance Co purchased a new stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,000 shares of the industrial products company’s stock, valued at approximately $214,000.
A number of other large investors also recently added to or reduced their stakes in HDS. Synovus Financial Corp grew its holdings in HD Supply Holdings by 48.9% during the 2nd quarter. Synovus Financial Corp now owns 16,242 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 5,336 shares during the last quarter. Chilton Investment Co. LLC acquired a new position in HD Supply Holdings in the second quarter valued at approximately $1,635,000. Pinnacle Associates Ltd. raised its position in shares of HD Supply Holdings by 9.8% during the 2nd quarter. Pinnacle Associates Ltd. now owns 24,660 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 2,195 shares during the last quarter. Cannell Peter B & Co. Inc. grew its stake in shares of HD Supply Holdings by 153.7% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,883,550 shares of the industrial products company’s stock worth $57,693,000 after purchasing an additional 1,141,225 shares during the period. Finally, Westpac Banking Corp boosted its holdings in HD Supply Holdings by 13.8% during the second quarter. Westpac Banking Corp now owns 16,842 shares of the industrial products company’s stock worth $516,000 after buying an additional 2,041 shares during the last quarter.
HDS has been the subject of several research reports. UBS AG cut HD Supply Holdings from a “positive” rating to a “neutral” rating in a research note 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 reissued an “outperform” rating and set a $40.00 price target (down previously from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. Deutsche Bank AG downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday, June 9th. Finally, Northcoast Research started coverage on shares of HD Supply Holdings in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.14.
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Shares of HD Supply Holdings, Inc. (HDS) opened at 34.92 on Friday. The firm has a 50-day moving average price of $31.96 and a 200 day moving average price of $35.88. The stock 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.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that HD Supply Holdings, Inc. will post $2.21 EPS for the current fiscal year.
HD Supply Holdings announced that its board has approved a stock repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
HD Supply Holdings 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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