Point72 Asset Management L.P. Increases Holdings in HD Supply Holdings Inc (HDS)

Point72 Asset Management L.P. boosted its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 118.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,505,121 shares of the industrial products company’s stock after acquiring an additional 814,949 shares during the quarter. Point72 Asset Management L.P. owned 0.81% of HD Supply worth $57,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in HD Supply during the 4th quarter worth about $2,206,000. First Trust Advisors LP purchased a new stake in shares of HD Supply during the 4th quarter worth about $8,925,000. Quadrature Capital Ltd purchased a new stake in shares of HD Supply during the 4th quarter worth about $2,282,000. Two Sigma Advisers LP raised its stake in shares of HD Supply by 669.4% during the 4th quarter. Two Sigma Advisers LP now owns 599,677 shares of the industrial products company’s stock worth $24,005,000 after purchasing an additional 521,738 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of HD Supply by 219.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 281,088 shares of the industrial products company’s stock worth $11,252,000 after purchasing an additional 193,043 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

Shares of HD Supply opened at $42.65 on Thursday, MarketBeat reports. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.40. HD Supply Holdings Inc has a twelve month low of $28.97 and a twelve month high of $44.25. The company has a market capitalization of $7.89 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.85 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 5th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. HD Supply had a return on equity of 35.61% and a net margin of 18.40%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business earned $0.63 EPS. The firm’s revenue was down 25.8% compared to the same quarter last year. research analysts forecast that HD Supply Holdings Inc will post 3.25 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird raised their price target on HD Supply from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 6th. Deutsche Bank set a $45.00 price target on HD Supply and gave the stock a “buy” rating in a research note on Friday, April 6th. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, March 21st. Barclays assumed coverage on HD Supply in a research note on Thursday, February 15th. They set an “overweight” rating and a $44.00 price target for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HD Supply in a research note on Monday, March 19th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.27.

In other HD Supply news, CEO William P. Stengel II sold 30,000 shares of HD Supply stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief executive officer now directly owns 2,112 shares of the company’s stock, valued at approximately $87,648. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Evan Levitt sold 23,554 shares of HD Supply stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $42.60, for a total value of $1,003,400.40. Following the completion of the transaction, the chief financial officer now directly owns 27,898 shares in the company, valued at $1,188,454.80. The disclosure for this sale can be found here. Insiders sold a total of 72,380 shares of company stock worth $3,052,459 over the last three months. 0.72% of the stock is owned by company insiders.

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

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