Victory Capital Management Inc. decreased its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 92.8% in the third quarter, Holdings Channel reports. The fund owned 6,840 shares of the industrial products company’s stock after selling 87,931 shares during the quarter. Victory Capital Management Inc.’s holdings in HD Supply were worth $293,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HDS. Massey Quick Simon & CO. LLC purchased a new stake in HD Supply in the 2nd quarter worth about $106,000. Captrust Financial Advisors raised its position in HD Supply by 7,921.9% in the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,535 shares during the period. Twin Tree Management LP purchased a new stake in HD Supply in the 2nd quarter worth about $149,000. Aviance Capital Management LLC raised its position in HD Supply by 53.4% in the 2nd quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 1,401 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in HD Supply in the 2nd quarter worth about $214,000. 95.09% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on HDS shares. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Friday, August 31st. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. Raymond James raised their target price on shares of HD Supply from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, SunTrust Banks raised their target price on shares of HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.67.
HD Supply (NASDAQ:HDS) last issued its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.03. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Sell-side analysts anticipate that HD Supply Holdings Inc will post 3.31 earnings per share for the current year.
In other news, Director Jana Partners Llc sold 621,235 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $42.37, for a total transaction of $26,321,726.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.
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HD Supply Profile
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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