Jefferies Group LLC cut its stake in shares of HD Supply (NASDAQ:HDS) by 69.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,556 shares of the industrial products company’s stock after selling 63,101 shares during the quarter. Jefferies Group LLC’s holdings in HD Supply were worth $1,103,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HDS. OZ Management LP lifted its holdings in HD Supply by 36.4% in the third quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after acquiring an additional 1,392,371 shares during the period. JPMorgan Chase & Co. lifted its holdings in HD Supply by 60.2% in the third 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 period. Cannell Peter B & Co. Inc. lifted its holdings in HD Supply by 0.8% in the third quarter. Cannell Peter B & Co. Inc. now owns 1,898,195 shares of the industrial products company’s stock valued at $68,468,000 after acquiring an additional 14,645 shares during the period. Geode Capital Management LLC lifted its holdings in HD Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,643,325 shares of the industrial products company’s stock valued at $65,743,000 after acquiring an additional 18,725 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in HD Supply by 3.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,342,646 shares of the industrial products company’s stock valued at $53,746,000 after acquiring an additional 49,223 shares during the period. 96.96% of the stock is owned by hedge funds and other institutional investors.
HD Supply stock opened at $38.05 on Monday. The stock has a market cap of $7,059.72, a P/E ratio of 16.47, a P/E/G ratio of 0.77 and a beta of 1.25. HD Supply has a 52 week low of $28.97 and a 52 week high of $42.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 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 firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. sell-side analysts forecast that HD Supply will post 3.16 earnings per share for the current year.
HDS has been the subject of a number of recent analyst reports. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Royal Bank of Canada cut HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. ValuEngine cut HD Supply from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Barclays began coverage on HD Supply in a research report on Thursday, February 15th. They issued an “overweight” rating and a $44.00 price target for the company. Finally, SunTrust Banks upgraded HD Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $38.01 to $48.00 in a research report on Thursday, March 15th. Eleven analysts have rated the stock with a hold rating and eight 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 $40.57.
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HD Supply Company Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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