Welch Capital Partners LLC NY Has $7.23 Million Position in HD Supply Holdings, Inc. (HDS)

Welch Capital Partners LLC NY increased its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 236,186 shares of the industrial products company’s stock after buying an additional 440 shares during the period. HD Supply Holdings comprises about 2.4% of Welch Capital Partners LLC NY’s portfolio, making the stock its 16th largest position. Welch Capital Partners LLC NY’s holdings in HD Supply Holdings were worth $7,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of HD Supply Holdings by 7.6% in the first quarter. Wells Fargo & Company MN now owns 4,363,655 shares of the industrial products company’s stock valued at $179,456,000 after buying an additional 310,029 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in HD Supply Holdings during the first quarter valued at $136,000. BTC Capital Management Inc. boosted its position in HD Supply Holdings by 25.4% in the first quarter. BTC Capital Management Inc. now owns 70,892 shares of the industrial products company’s stock valued at $2,920,000 after buying an additional 14,380 shares in the last quarter. IFP Advisors Inc boosted its position in HD Supply Holdings by 37.7% in the first quarter. IFP Advisors Inc now owns 8,839 shares of the industrial products company’s stock valued at $364,000 after buying an additional 2,422 shares in the last quarter. Finally, Braun Stacey Associates Inc. boosted its position in HD Supply Holdings by 35.2% in the first quarter. Braun Stacey Associates Inc. now owns 312,193 shares of the industrial products company’s stock valued at $12,839,000 after buying an additional 81,243 shares in the last quarter. 97.32% of the stock is currently owned by institutional investors.

Shares of HD Supply Holdings, Inc. (HDS) opened at 30.32 on Friday. The firm has a 50 day moving average price of $31.14 and a 200 day moving average price of $37.65. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 20.85 and a beta of 1.41. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. Equities analysts forecast that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.

HD Supply Holdings declared that its board has initiated a share buyback program on Tuesday, June 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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Several research firms have weighed in on HDS. Raymond James Financial, Inc. raised HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Friday, April 21st. ValuEngine cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Drexel Hamilton cut HD Supply Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $37.00 in a research report on Wednesday, June 7th. Robert W. Baird cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $39.00 price objective (down previously from $53.00) on shares of HD Supply Holdings in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.57.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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

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