AMP Capital Investors Ltd lowered its position in HD Supply Holdings Inc (NASDAQ:HDS) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,247 shares of the industrial products company’s stock after selling 110,071 shares during the period. AMP Capital Investors Ltd owned about 0.10% of HD Supply worth $8,247,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of HD Supply by 13.0% during the 1st quarter. BlackRock Inc. now owns 10,031,203 shares of the industrial products company’s stock valued at $380,585,000 after acquiring an additional 1,156,692 shares during the period. Argent Capital Management LLC acquired a new stake in shares of HD Supply during the 2nd quarter valued at approximately $48,321,000. Point72 Asset Management L.P. lifted its position in shares of HD Supply by 118.1% during the 1st quarter. Point72 Asset Management L.P. now owns 1,505,121 shares of the industrial products company’s stock valued at $57,104,000 after acquiring an additional 814,949 shares during the period. Smith Asset Management Group LP acquired a new stake in shares of HD Supply during the 2nd quarter valued at approximately $32,717,000. Finally, Boston Partners acquired a new stake in shares of HD Supply during the 2nd quarter valued at approximately $27,280,000. Hedge funds and other institutional investors own 94.89% of the company’s stock.
Shares of NASDAQ HDS opened at $43.54 on Friday. HD Supply Holdings Inc has a 52-week low of $32.23 and a 52-week high of $46.29. The firm has a market cap of $8.06 billion, a PE ratio of 18.84, a P/E/G ratio of 0.84 and a beta of 1.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. sell-side analysts expect that HD Supply Holdings Inc will post 3.3 EPS for the current fiscal year.
A number of research firms have recently issued reports on HDS. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Friday, August 31st. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. Raymond James lifted their price objective on 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 lifted their price objective on HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. HD Supply has an average rating of “Buy” and a consensus price target of $47.33.
In related news, Director Jana Partners Llc sold 636,023 shares of HD Supply stock in a transaction on Monday, June 25th. The shares were sold at an average price of $43.93, for a total transaction of $27,940,490.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Stegeman sold 57,200 shares of HD Supply stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the transaction, the insider now owns 95,652 shares in the company, valued at approximately $4,304,340. The disclosure for this sale can be found here. Insiders have sold a total of 2,196,325 shares of company stock worth $95,704,024 in the last 90 days. Company insiders own 0.72% of the company’s stock.
HD Supply Company 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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