Delphi Management Inc. MA boosted its stake in HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,359 shares of the industrial products company’s stock after purchasing an additional 339 shares during the period. Delphi Management Inc. MA’s holdings in HD Supply Holdings were worth $1,910,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Creative Planning grew its position in HD Supply Holdings by 15.2% in the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in HD Supply Holdings in the 2nd quarter worth approximately $129,000. Tower Research Capital LLC TRC grew its position in HD Supply Holdings by 648.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 3,221 shares during the period. Barrett Asset Management LLC bought a new stake in HD Supply Holdings in the 2nd quarter worth approximately $161,000. Finally, Pinebridge Investments L.P. grew its position in HD Supply Holdings by 170.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 3,400 shares during the period.
Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) traded down 2.06% during mid-day trading on Wednesday, hitting $34.68. 1,446,247 shares of the stock traded hands. The firm has a 50 day moving average of $34.03 and a 200 day moving average of $35.26. The company has a market cap of $6.47 billion, a P/E ratio of 21.67 and a beta of 1.41. HD Supply Holdings, Inc. has a 12 month low of $28.97 and a 12 month high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. HD Supply Holdings’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that HD Supply Holdings, Inc. will post $2.21 EPS for the current fiscal year.
HD Supply Holdings announced that its board has initiated a share repurchase plan on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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HDS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, August 8th. BidaskClub raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. ValuEngine raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $37.00 price objective (up previously from $36.00) on shares of HD Supply Holdings in a research report on Friday, September 1st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.71.
About HD Supply Holdings
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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