Riverhead Capital Management LLC Sells 3,700 Shares of HD Supply (HDS)

Riverhead Capital Management LLC decreased its position in shares of HD Supply (NASDAQ:HDS) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,100 shares of the industrial products company’s stock after selling 3,700 shares during the quarter. Riverhead Capital Management LLC’s holdings in HD Supply were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HDS. Cerebellum GP LLC acquired a new position in HD Supply in the fourth quarter valued at about $132,000. O Shaughnessy Asset Management LLC lifted its position in HD Supply by 61.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,331 shares during the last quarter. Bessemer Group Inc. lifted its position in HD Supply by 849.5% in the fourth quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after buying an additional 3,109 shares during the last quarter. American International Group Inc. acquired a new position in HD Supply in the fourth quarter valued at about $177,000. Finally, Cadence Capital Management LLC acquired a new position in HD Supply in the fourth quarter valued at about $215,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HDS opened at $41.04 on Tuesday. 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 stock has a market cap of $7.53 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.24. HD Supply has a 1 year low of $28.97 and a 1 year high of $42.25.

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

HDS has been the topic of a number of recent analyst reports. SunTrust Banks raised shares of HD Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $38.01 to $48.00 in a research report on Thursday, March 15th. BidaskClub cut shares of HD Supply from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. TheStreet cut shares of HD Supply from a “b” rating to a “c+” rating in a research report on Wednesday, March 21st. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, March 21st. Finally, Goldman Sachs reiterated a “neutral” rating on shares of HD Supply in a research note on Monday, March 19th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. HD Supply has an average rating of “Hold” and an average target price of $40.00.

About HD Supply

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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