Jacobs Levy Equity Management Inc. Raises Position in HD Supply Holdings Inc (NASDAQ:HDS)

Jacobs Levy Equity Management Inc. grew its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 32.3% during the 1st quarter, HoldingsChannel reports. The firm owned 218,150 shares of the industrial products company’s stock after buying an additional 53,310 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in HD Supply were worth $9,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in HD Supply in the 1st quarter worth approximately $30,000. Penserra Capital Management LLC boosted its position in HD Supply by 58.4% in the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Quadrant Capital Group LLC boosted its position in HD Supply by 610.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,068 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in HD Supply by 36.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 350 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in HD Supply by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.

In related news, CFO Evan Levitt sold 44,167 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the completion of the transaction, the chief financial officer now directly owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

Shares of NASDAQ:HDS opened at $39.51 on Friday. HD Supply Holdings Inc has a 1 year low of $35.35 and a 1 year high of $47.13. The company has a market cap of $6.75 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 2.06.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that HD Supply Holdings Inc will post 3.59 EPS for the current fiscal year.

Several research firms have commented on HDS. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, May 22nd. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, June 3rd. Royal Bank of Canada increased their target price on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co decreased their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $47.54.

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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 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.

See Also: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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