Chevy Chase Trust Holdings Inc. raised its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,703 shares of the industrial products company’s stock after buying an additional 474 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.05% of HD Supply Holdings worth $3,115,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in HD Supply Holdings during the first quarter worth approximately $1,002,000. Mountain Pacific Investment Advisers Inc. ID increased its stake in HD Supply Holdings by 7.1% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 338,948 shares of the industrial products company’s stock worth $13,939,000 after buying an additional 22,578 shares during the last quarter. Parametrica Management Ltd purchased a new stake in HD Supply Holdings during the first quarter worth approximately $414,000. Inverness Counsel LLC NY purchased a new stake in HD Supply Holdings during the first quarter worth approximately $18,021,000. Finally, New England Research & Management Inc. purchased a new stake in HD Supply Holdings during the first quarter worth approximately $341,000. Hedge funds and other institutional investors own 97.32% of the company’s stock.
HD Supply Holdings, Inc. (NASDAQ:HDS) traded up 0.23% during trading on Friday, reaching $30.39. The company had a trading volume of 2,058,755 shares. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The company has a 50-day moving average price of $31.13 and a 200 day moving average price of $37.56. The stock has a market cap of $6.16 billion, a PE ratio of 20.90 and a beta of 1.41.
HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion during 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 business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, analysts anticipate that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current year.
HD Supply Holdings announced that its Board of Directors has approved a stock buyback 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. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research firms have commented on HDS. Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. Robert W. Baird downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $35.00 target price on shares of HD Supply Holdings in a research report on Wednesday. BidaskClub cut HD Supply Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. raised HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Friday, April 21st. One 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 stock. The stock currently has an average rating of “Hold” and a consensus target price 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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