Geode Capital Management LLC grew its position in HD Supply Holdings Inc (NASDAQ:HDS) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643,325 shares of the industrial products company’s stock after purchasing an additional 18,725 shares during the period. Geode Capital Management LLC owned approximately 0.89% of HD Supply worth $65,743,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OZ Management LP increased its holdings in HD Supply by 36.4% during the 3rd quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock worth $188,175,000 after purchasing an additional 1,392,371 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in HD Supply by 60.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock worth $148,182,000 after purchasing an additional 1,541,426 shares during the last quarter. Cannell Peter B & Co. Inc. grew its position in shares of HD Supply by 0.8% in the 3rd quarter. Cannell Peter B & Co. Inc. now owns 1,898,195 shares of the industrial products company’s stock worth $68,468,000 after acquiring an additional 14,645 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of HD Supply by 3.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,342,646 shares of the industrial products company’s stock worth $53,746,000 after acquiring an additional 49,223 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of HD Supply by 4.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 796,223 shares of the industrial products company’s stock worth $31,873,000 after acquiring an additional 34,128 shares in the last quarter. 96.96% of the stock is currently owned by institutional investors and hedge funds.
HDS opened at $38.05 on Friday. HD Supply Holdings Inc has a 52-week low of $28.97 and a 52-week high of $42.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. The stock has a market cap of $7,113.54, a PE ratio of 16.47, a P/E/G ratio of 0.78 and a beta of 1.25.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. equities research analysts forecast that HD Supply Holdings Inc will post 3.14 earnings per share for the current year.
HDS has been the subject of several research reports. BidaskClub lowered HD Supply from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. ValuEngine lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Barclays began coverage on HD Supply in a research report on Thursday, February 15th. They set an “overweight” rating and a $44.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. HD Supply has a consensus rating of “Hold” and a consensus target price of $40.57.
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HD Supply 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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