OxFORD Asset Management LLP increased its position in HD Supply Holdings Inc (NASDAQ:HDS) by 18.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,342 shares of the industrial products company’s stock after buying an additional 3,508 shares during the period. OxFORD Asset Management LLP’s holdings in HD Supply were worth $806,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of HDS. FMR LLC grew its holdings in HD Supply by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after purchasing an additional 4,162,500 shares during the period. OZ Management LP purchased a new stake in HD Supply in the second quarter valued at approximately $117,147,000. BlackRock Inc. grew its stake in HD Supply by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock worth $302,814,000 after buying an additional 1,688,213 shares during the period. JPMorgan Chase & Co. grew its stake in HD Supply by 60.2% during the third quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock worth $148,182,000 after buying an additional 1,541,426 shares during the period. Finally, Cannell Peter B & Co. Inc. grew its stake in HD Supply by 153.7% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,883,550 shares of the industrial products company’s stock worth $57,693,000 after buying an additional 1,141,225 shares during the period.
Several research firms have issued reports on HDS. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. SunTrust Banks restated a “hold” rating and issued a $42.00 target price on shares of HD Supply in a research note on Thursday, December 7th. Finally, Wells Fargo & Co upped their target price on shares of HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.85.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. equities analysts predict that HD Supply Holdings Inc will post 2.28 EPS for the current fiscal year.
HD Supply announced that its board has initiated a stock 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 purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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About HD Supply
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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