HD Supply (HDS) Holdings Lifted by Westpac Banking Corp

Westpac Banking Corp increased its stake in shares of HD Supply (NASDAQ:HDS) by 178.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,791 shares of the industrial products company’s stock after buying an additional 29,371 shares during the period. Westpac Banking Corp’s holdings in HD Supply were worth $1,737,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in HD Supply by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 698,824 shares of the industrial products company’s stock worth $25,207,000 after purchasing an additional 15,166 shares in the last quarter. DnB Asset Management AS grew its holdings in HD Supply by 28.6% during the 4th quarter. DnB Asset Management AS now owns 53,060 shares of the industrial products company’s stock worth $2,124,000 after acquiring an additional 11,800 shares during the last quarter. American National Bank grew its holdings in HD Supply by 15.9% during the 4th quarter. American National Bank now owns 70,411 shares of the industrial products company’s stock worth $2,819,000 after acquiring an additional 9,659 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in HD Supply by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 796,223 shares of the industrial products company’s stock worth $31,873,000 after acquiring an additional 34,128 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of HD Supply in the 4th quarter valued at $3,328,000. 97.51% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the stock. BidaskClub lowered shares of HD Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Goldman Sachs reissued a “neutral” rating on shares of HD Supply in a research note on Monday, March 19th. Deutsche Bank set a $45.00 price objective on shares of HD Supply and gave the stock a “buy” rating in a report on Friday, April 6th. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, March 21st. Finally, ValuEngine downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.00.

HD Supply traded up $0.06, reaching $40.83, during mid-day trading on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 23,658 shares, compared to its average volume of 1,933,724. HD Supply has a 12-month low of $39.93 and a 12-month high of $40.26. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.93 and a current ratio of 3.02. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, March 13th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. research analysts predict that HD Supply will post 3.17 earnings per share for the current year.

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.

Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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