Fort L.P. lifted its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 29.6% in the first quarter, HoldingsChannel reports. The firm owned 49,690 shares of the industrial products company’s stock after buying an additional 11,356 shares during the period. Fort L.P.’s holdings in HD Supply were worth $2,154,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in HD Supply by 18.4% in the 4th quarter. FMR LLC now owns 20,846,482 shares of the industrial products company’s stock worth $782,159,000 after acquiring an additional 3,243,867 shares during the last quarter. Vanguard Group Inc raised its stake in HD Supply by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock worth $757,084,000 after acquiring an additional 864,941 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in HD Supply by 15.5% in the 1st quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock worth $206,345,000 after acquiring an additional 639,764 shares during the last quarter. Boston Partners raised its stake in HD Supply by 780.5% in the 4th quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock worth $161,437,000 after acquiring an additional 3,814,025 shares during the last quarter. Finally, OZ Management LP raised its stake in HD Supply by 15.8% in the 1st quarter. OZ Management LP now owns 4,000,522 shares of the industrial products company’s stock worth $173,423,000 after acquiring an additional 546,858 shares during the last quarter. 95.12% of the stock is owned by hedge funds and other institutional investors.
NASDAQ HDS opened at $39.51 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.67 and a beta of 1.27. HD Supply Holdings Inc has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.06 and a debt-to-equity ratio of 1.77.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Analysts forecast that HD Supply Holdings Inc will post 3.6 EPS for the current year.
In other HD Supply news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total transaction of $1,906,247.72. Following the completion of the transaction, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.89% of the company’s stock.
A number of equities analysts recently issued reports on HDS shares. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, June 3rd. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Zacks Investment Research lowered HD Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Co reduced their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.54.
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HD Supply 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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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