Toronto Dominion Bank cut its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,800 shares of the industrial products company’s stock after selling 3,636 shares during the quarter. Toronto Dominion Bank’s holdings in HD Supply were worth $1,119,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in HD Supply by 8.1% in the first quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after buying an additional 1,679,487 shares during the last quarter. BlackRock Inc. increased its holdings in HD Supply by 7.6% in the second quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock worth $402,369,000 after buying an additional 707,576 shares during the last quarter. Fiduciary Management Inc. WI acquired a new position in HD Supply in the second quarter worth approximately $264,175,000. D. E. Shaw & Co. Inc. increased its holdings in HD Supply by 18.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,417,694 shares of the industrial products company’s stock worth $137,665,000 after buying an additional 523,757 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in HD Supply by 4.4% in the second quarter. APG Asset Management N.V. now owns 3,389,218 shares of the industrial products company’s stock worth $119,879,000 after buying an additional 143,918 shares during the last quarter. 97.93% of the stock is owned by institutional investors.
HDS has been the topic of several analyst reports. Royal Bank of Canada lowered their price target on HD Supply to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 11th. Robert W. Baird downgraded HD Supply from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $40.00 in a report on Wednesday, September 11th. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Barclays downgraded HD Supply from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $44.00 to $42.00 in a report on Thursday, September 26th. Finally, William Blair downgraded HD Supply from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.36.
In other news, Director Lauren Taylor Wolfe bought 600,000 shares of HD Supply stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $38.55 per share, with a total value of $23,130,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by corporate insiders.
Shares of HDS traded up $0.22 during mid-day trading on Wednesday, hitting $37.41. The company’s stock had a trading volume of 74,009 shares, compared to its average volume of 1,626,773. HD Supply Holdings Inc has a one year low of $35.35 and a one year high of $47.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.05. The firm has a market capitalization of $6.22 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11. The stock’s 50-day moving average is $38.80 and its two-hundred day moving average is $40.99.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business earned $0.99 earnings per share. HD Supply’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts expect that HD Supply Holdings Inc will post 3.52 EPS for the current fiscal year.
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.
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