Wedge Capital Management L L P NC raised its position in HD Supply Holdings Inc (NASDAQ:HDS) by 15.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,497 shares of the industrial products company’s stock after acquiring an additional 2,170 shares during the period. Wedge Capital Management L L P NC’s holdings in HD Supply were worth $706,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of HD Supply by 10.5% in the 2nd quarter. BlackRock Inc. now owns 11,087,160 shares of the industrial products company’s stock valued at $475,528,000 after purchasing an additional 1,055,957 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HD Supply by 1.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,986,450 shares of the industrial products company’s stock valued at $341,742,000 after purchasing an additional 147,076 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of HD Supply in the 3rd quarter valued at about $62,381,000. Northern Trust Corp increased its holdings in shares of HD Supply by 3.9% in the 2nd quarter. Northern Trust Corp now owns 1,401,839 shares of the industrial products company’s stock valued at $60,125,000 after purchasing an additional 53,027 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of HD Supply by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,510 shares of the industrial products company’s stock valued at $55,481,000 after purchasing an additional 41,363 shares in the last quarter. Institutional investors own 95.25% of the company’s stock.
NASDAQ:HDS opened at $38.75 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. HD Supply Holdings Inc has a twelve month low of $34.02 and a twelve month high of $46.29. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.
HD Supply (NASDAQ:HDS) last posted its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts forecast that HD Supply Holdings Inc will post 3.31 EPS for the current year.
In other HD Supply news, Director Jana Partners Llc sold 861,499 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Thursday. Raymond James increased their price target on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 6th. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. SunTrust Banks increased their price target on shares of HD Supply from $50.00 to $52.00 in a report on Thursday, September 6th. Finally, Gordon Haskett assumed coverage on shares of HD Supply in a report on Friday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.67.
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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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