Candriam Luxembourg S.C.A. increased its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 713.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,824 shares of the industrial products company’s stock after purchasing an additional 209,460 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.13% of HD Supply worth $10,219,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Massey Quick Simon & CO. LLC acquired a new position in HD Supply in the 2nd quarter valued at about $106,000. Captrust Financial Advisors grew its position in HD Supply by 7,921.9% in the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,535 shares in the last quarter. Cornerstone Advisors Inc. acquired a new position in HD Supply in the 2nd quarter valued at about $141,000. Twin Tree Management LP acquired a new position in HD Supply in the 2nd quarter valued at about $149,000. Finally, Aviance Capital Management LLC grew its position in HD Supply by 53.4% in the 2nd quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 1,401 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, August 31st. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Northcoast Research raised HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. Raymond James boosted their price objective on HD Supply from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, SunTrust Banks boosted their price objective on HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. HD Supply has an average rating of “Buy” and a consensus target price of $47.67.
In related news, Director Jana Partners Llc sold 621,235 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $42.37, for a total transaction of $26,321,726.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.
HDS stock opened at $38.47 on Friday. The company has a market cap of $7.04 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.84 and a beta of 1.44. HD Supply Holdings Inc has a fifty-two week low of $34.31 and a fifty-two week high of $46.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31.
HD Supply (NASDAQ:HDS) last posted its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a return on equity of 36.44% and a net margin of 11.96%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, sell-side analysts anticipate that HD Supply Holdings Inc will post 3.31 earnings per share for the current fiscal year.
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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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