Thompson Investment Management Inc. raised its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,665 shares of the industrial products company’s stock after buying an additional 17,256 shares during the period. Thompson Investment Management Inc. owned approximately 0.06% of HD Supply Holdings worth $3,972,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Creative Planning increased its stake in HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after buying an additional 500 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock worth $121,000 after buying an additional 2,900 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock worth $123,000 after buying an additional 49 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in HD Supply Holdings during the second quarter worth $129,000. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in HD Supply Holdings during the first quarter worth $136,000. 97.32% of the stock is owned by institutional investors and hedge funds.
HD Supply Holdings, Inc. (NASDAQ HDS) traded down 1.2655% during midday trading on Wednesday, hitting $30.6768. 306,715 shares of the company traded hands. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73. The stock’s 50-day moving average price is $31.12 and its 200 day moving average price is $37.41. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 21.0982 and a beta of 1.41.
HD Supply Holdings (NASDAQ:HDS) last posted its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. HD Supply Holdings’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts forecast that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.
HD Supply Holdings declared that its board has authorized a stock repurchase program on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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HDS has been the subject of a number of research analyst reports. Morgan Stanley downgraded HD Supply Holdings from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $46.00 to $36.00 in a research report on Wednesday, June 7th. Deutsche Bank AG downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Friday, June 9th. Drexel Hamilton downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $37.00 in a research report on Wednesday, June 7th. Longbow Research downgraded HD Supply Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $39.00 price objective (down previously from $53.00) on shares of HD Supply Holdings in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. HD Supply Holdings has a consensus rating of “Hold” and an average price target of $38.57.
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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