Hsbc Holdings PLC grew its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 128.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,910 shares of the industrial products company’s stock after acquiring an additional 77,416 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of HD Supply worth $5,901,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new position in shares of HD Supply in the 2nd quarter valued at $106,000. Captrust Financial Advisors increased its holdings in shares of HD Supply by 7,921.9% in the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,535 shares during the period. Twin Tree Management LP purchased a new position in shares of HD Supply in the 2nd quarter valued at $149,000. Aviance Capital Management LLC increased its holdings in shares of HD Supply by 53.4% in the 2nd quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 1,401 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in shares of HD Supply in the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 95.09% of the company’s stock.
In other HD Supply news, Director Jana Partners Llc sold 621,235 shares of HD Supply stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $42.37, for a total transaction of $26,321,726.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by insiders.
Shares of HDS stock opened at $37.89 on Friday. HD Supply Holdings Inc has a 1-year low of $34.49 and a 1-year high of $46.29. The company has a current ratio of 2.05, a quick ratio of 1.31 and a debt-to-equity ratio of 1.18. The firm has a market cap of $7.07 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.84 and a beta of 1.45.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. HD Supply had a return on equity of 38.09% and a net margin of 5.07%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts forecast that HD Supply Holdings Inc will post 3.41 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, August 31st. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Northcoast Research upgraded HD Supply from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th. Raymond James boosted their target price on HD Supply from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Finally, SunTrust Banks boosted their target price on HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.33.
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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