Principal Financial Group Inc. boosted its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,422,996 shares of the industrial products company’s stock after buying an additional 14,765 shares during the quarter. Principal Financial Group Inc. owned approximately 1.30% of HD Supply Holdings worth $87,398,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HDS. FMR LLC lifted its stake in shares of HD Supply Holdings by 16.4% in the 2nd quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after purchasing an additional 4,162,500 shares during the period. OZ Management LP acquired a new position in shares of HD Supply Holdings in the 2nd quarter valued at about $117,147,000. Iridian Asset Management LLC CT lifted its stake in shares of HD Supply Holdings by 84.7% in the 2nd quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after purchasing an additional 3,000,390 shares during the period. BlackRock Inc. lifted its stake in shares of HD Supply Holdings by 20.6% in the 2nd quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after purchasing an additional 1,688,213 shares during the period. Finally, Cannell Peter B & Co. Inc. lifted its stake in shares of HD Supply Holdings by 153.7% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,883,550 shares of the industrial products company’s stock valued at $57,693,000 after purchasing an additional 1,141,225 shares during the period. 98.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HD Supply Holdings, Inc. (NASDAQ HDS) opened at $35.67 on Monday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.41 and a current ratio of 2.04. The company has a market capitalization of $6,657.67, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.40. HD Supply Holdings, Inc. has a twelve month low of $28.97 and a twelve month high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. sell-side analysts predict that HD Supply Holdings, Inc. will post 2.21 earnings per share for the current fiscal year.
HD Supply Holdings announced that its Board of Directors has approved a share repurchase program on Tuesday, August 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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A number of brokerages recently commented on HDS. BidaskClub raised HD Supply Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Northcoast Research began coverage on HD Supply Holdings in a research report on Tuesday, July 25th. They issued a “neutral” rating for the company. Zacks Investment Research raised HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $35.00 target price on shares of HD Supply Holdings in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada boosted their target price on HD Supply Holdings from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.50.
HD Supply Holdings Company Profile
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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