Dupont Capital Management Corp purchased a new position in HD Supply Holdings, Inc. (NASDAQ:HDS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 195,300 shares of the industrial products company’s stock, valued at approximately $7,044,000. Dupont Capital Management Corp owned approximately 0.10% of HD Supply Holdings at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HDS. Teachers Advisors LLC increased its holdings in shares of HD Supply Holdings by 172.1% in the first quarter. Teachers Advisors LLC now owns 675,947 shares of the industrial products company’s stock worth $27,798,000 after acquiring an additional 427,511 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HD Supply Holdings by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 669,461 shares of the industrial products company’s stock worth $27,531,000 after buying an additional 15,264 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of HD Supply Holdings during the first quarter worth about $317,000. State Street Corp grew its holdings in shares of HD Supply Holdings by 4.5% during the first quarter. State Street Corp now owns 2,568,921 shares of the industrial products company’s stock worth $105,650,000 after buying an additional 109,720 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in shares of HD Supply Holdings by 36.5% during the first quarter. Credit Suisse AG now owns 295,288 shares of the industrial products company’s stock worth $12,145,000 after buying an additional 78,976 shares in the last quarter.
A number of research analysts recently issued reports on HDS shares. Zacks Investment Research upgraded HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, August 8th. BidaskClub upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. ValuEngine upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $37.00 price objective (up from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.71.
Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) traded up $0.35 during midday trading on Friday, reaching $36.12. The company had a trading volume of 1,650,000 shares, compared to its average volume of 2,320,000. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. HD Supply Holdings, Inc. has a 1 year low of $28.97 and a 1 year high of $44.73. The firm has a market capitalization of $6.74 billion, a PE ratio of 14.08, a PEG ratio of 0.81 and a beta of 1.40.
HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. sell-side analysts forecast that HD Supply Holdings, Inc. will post 2.21 earnings per share for the current fiscal year.
HD Supply Holdings announced that its board has initiated a share buyback plan on Tuesday, August 29th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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