OxFORD Asset Management LLP acquired a new stake in HD Supply Holdings, Inc. (NASDAQ:HDS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 18,834 shares of the industrial products company’s stock, valued at approximately $577,000.
Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of HD Supply Holdings by 648.1% in the 1st 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 during the last quarter. Creative Planning grew its position in shares of HD Supply Holdings by 15.2% in the 2nd 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of HD Supply Holdings during the 2nd quarter valued at about $129,000. Barrett Asset Management LLC bought a new stake in shares of HD Supply Holdings during the 2nd quarter valued at about $161,000. Finally, Pinebridge Investments L.P. raised its stake in HD Supply Holdings by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares during the period.
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HDS has been the subject of several analyst reports. ValuEngine raised HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Company increased their price objective on HD Supply Holdings from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of HD Supply Holdings in a research note on Monday, October 9th. Zacks Investment Research raised HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, October 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price objective (up from $37.00) on shares of HD Supply Holdings in a research note on Monday, October 2nd. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.71.
Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 35.50 on Friday. The company has a market capitalization of $6.63 billion, a PE ratio of 11.21 and a beta of 1.41. The firm’s 50-day moving average price is $35.15 and its 200 day moving average price is $34.93. 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 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that HD Supply Holdings, Inc. will post $2.21 earnings per share for the current year.
HD Supply Holdings declared that its board has authorized a share repurchase program on Tuesday, August 29th 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 typically a sign that the company’s management believes its stock is 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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