Bank of New York Mellon Corp increased its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 794,938 shares of the industrial products company’s stock after purchasing an additional 31,779 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of HD Supply worth $31,821,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of HDS. JPMorgan Chase & Co. lifted its holdings in HD Supply by 60.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock valued at $148,182,000 after acquiring an additional 1,541,426 shares during the last quarter. OZ Management LP raised 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 buying an additional 1,392,371 shares during the period. KBC Group NV raised its holdings in HD Supply by 494.9% during the 3rd quarter. KBC Group NV now owns 728,134 shares of the industrial products company’s stock worth $26,263,000 after buying an additional 605,738 shares during the period. Point72 Asset Management L.P. raised its holdings in HD Supply by 894.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 619,603 shares of the industrial products company’s stock worth $22,349,000 after buying an additional 557,303 shares during the period. Finally, Marathon Partners Equity Management LLC raised its holdings in HD Supply by 289.0% during the 3rd quarter. Marathon Partners Equity Management LLC now owns 710,000 shares of the industrial products company’s stock worth $25,610,000 after buying an additional 527,500 shares during the period. 96.96% of the stock is owned by institutional investors and hedge funds.
HD Supply stock traded down $0.70 during trading hours on Friday, reaching $38.05. 1,574,844 shares of the company were exchanged, compared to its average volume of 2,068,946. The stock has a market capitalization of $7,189.61, a P/E ratio of 15.14, a PEG ratio of 0.78 and a beta of 1.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. HD Supply Holdings Inc has a 12 month low of $28.97 and a 12 month high of $42.25.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm 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 company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. sell-side analysts anticipate that HD Supply Holdings Inc will post 3.16 earnings per share for the current year.
Several analysts have issued reports on HDS shares. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Royal Bank of Canada downgraded HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. ValuEngine downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Barclays began coverage on HD Supply in a report on Thursday, February 15th. They issued an “overweight” rating and a $44.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.57.
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HD Supply 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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