HD Supply Holdings, Inc. (HDS) Holdings Cut by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 46.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,700 shares of the industrial products company’s stock after selling 13,000 shares during the period. Fox Run Management L.L.C.’s holdings in HD Supply Holdings were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Alps Advisors Inc. grew its holdings in HD Supply Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 30 shares during the last quarter. World Asset Management Inc lifted its position in shares of HD Supply Holdings by 0.4% in the 2nd quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 33 shares during the period. Utah Retirement Systems lifted its position in shares of HD Supply Holdings by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock worth $1,130,000 after purchasing an additional 200 shares during the period. Delphi Management Inc. MA lifted its position in shares of HD Supply Holdings by 0.5% in the 2nd quarter. Delphi Management Inc. MA now owns 62,359 shares of the industrial products company’s stock worth $1,910,000 after purchasing an additional 339 shares during the period. Finally, Chevy Chase Trust Holdings Inc. lifted its position in shares of HD Supply Holdings by 0.5% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 101,703 shares of the industrial products company’s stock worth $3,115,000 after purchasing an additional 474 shares during the period.

Several research firms have recently commented on HDS. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $35.00 target price on shares of HD Supply Holdings in a research report on Wednesday, August 16th. BidaskClub raised shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, August 25th. 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 reaffirmed an “equal weight” rating and issued a $38.00 target price (up from $37.00) on shares of HD Supply Holdings in a research report on Monday, October 2nd. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.71.

HD Supply Holdings, Inc. (NASDAQ HDS) opened at 35.17 on Monday. The stock has a market capitalization of $6.56 billion, a PE ratio of 11.11 and a beta of 1.41. The company’s 50-day moving average is $35.24 and its 200-day moving average is $34.89. 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 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that HD Supply Holdings, Inc. will post $2.21 EPS for the current year.

HD Supply Holdings declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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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