HD Supply Holdings, Inc. (HDS) Stake Boosted by AQR Capital Management LLC

AQR Capital Management LLC raised its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 49.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,150,463 shares of the industrial products company’s stock after buying an additional 712,053 shares during the period. AQR Capital Management LLC owned approximately 1.07% of HD Supply Holdings worth $88,438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HDS. Nordea Investment Management AB raised its position in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 5,081 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of HD Supply Holdings during the first quarter worth $360,000. Quantitative Investment Management LLC acquired a new position in shares of HD Supply Holdings during the first quarter worth $2,595,000. TIAA CREF Investment Management LLC raised its position in shares of HD Supply Holdings by 60.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock worth $78,917,000 after buying an additional 721,635 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of HD Supply Holdings during the fourth quarter worth $391,000. 96.95% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

HD Supply Holdings, Inc. (NASDAQ HDS) traded down 0.93% on Tuesday, reaching $32.08. The company’s stock had a trading volume of 3,811,612 shares. The stock has a 50 day moving average price of $38.24 and a 200-day moving average price of $40.88. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 22.06 and a beta of 1.37. HD Supply Holdings, Inc. has a 1-year low of $30.05 and a 1-year high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts predict that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on HDS shares. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price target on shares of HD Supply Holdings in a research note on Sunday, March 12th. Credit Suisse Group reissued a “buy” rating on shares of HD Supply Holdings in a research note on Thursday, March 16th. Raymond James Financial, Inc. raised HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Friday, April 21st. ValuEngine lowered HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, Robert W. Baird lowered HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.00.

In other HD Supply Holdings news, Director Betsy S. Atkins sold 3,096 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $40.50, for a total transaction of $125,388.00. Following the completion of the transaction, the director now owns 3,868 shares of the company’s stock, valued at approximately $156,654. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Joseph J. Deangelo sold 712,145 shares of the business’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $40.80, for a total transaction of $29,055,516.00. Following the transaction, the chairman now directly owns 628,426 shares of the company’s stock, valued at approximately $25,639,780.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,315,241 shares of company stock valued at $53,624,904. Company insiders own 1.16% of the company’s stock.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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