State of New Jersey Common Pension Fund D raised its holdings in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,875,000 shares of the industrial products company’s stock after buying an additional 75,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 1.00% of HD Supply Holdings worth $67,632,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HDS. Ameriprise Financial Inc. lifted its holdings in shares of HD Supply Holdings by 86.6% during the first quarter. Ameriprise Financial Inc. now owns 121,079 shares of the industrial products company’s stock worth $4,981,000 after buying an additional 56,183 shares during the last quarter. Wellington Management Group LLP increased its position in shares of HD Supply Holdings by 25.9% during the first quarter. Wellington Management Group LLP now owns 295,648 shares of the industrial products company’s stock valued at $12,158,000 after purchasing an additional 60,744 shares during the period. Teachers Advisors LLC increased its position in shares of HD Supply Holdings by 172.1% during the first quarter. Teachers Advisors LLC now owns 675,947 shares of the industrial products company’s stock valued at $27,798,000 after purchasing an additional 427,511 shares during the period. Dimensional Fund Advisors LP increased its position in shares of HD Supply Holdings by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 669,461 shares of the industrial products company’s stock valued at $27,531,000 after purchasing an additional 15,264 shares during the period. Finally, Morgan Stanley increased its position in shares of HD Supply Holdings by 41.5% during the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock valued at $36,411,000 after purchasing an additional 259,835 shares during the period.
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Shares of HD Supply Holdings, Inc. (NASDAQ HDS) traded down $0.14 during midday trading on Friday, hitting $35.67. The stock had a trading volume of 945,600 shares, compared to its average volume of 2,735,822. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73. The company has a market cap of $6,683.80, a P/E ratio of 14.10, a P/E/G ratio of 0.81 and a beta of 1.40.
HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities analysts predict that HD Supply Holdings, Inc. will post 2.21 EPS for the current fiscal year.
HD Supply Holdings announced that its board has authorized a stock buyback program on Tuesday, August 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
A number of analysts have weighed in on the company. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $35.00 price target on shares of HD Supply Holdings in a research report on Friday. Zacks Investment Research cut HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. ValuEngine upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.00 target price on shares of HD Supply Holdings in a report on Wednesday, August 16th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.50.
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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