Hsbc Holdings PLC lessened its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,878 shares of the industrial products company’s stock after selling 4,195 shares during the period. Hsbc Holdings PLC’s holdings in HD Supply were worth $1,286,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in HD Supply during the 4th quarter valued at approximately $2,206,000. First Trust Advisors LP bought a new position in HD Supply during the 4th quarter valued at approximately $8,925,000. Quadrature Capital Ltd bought a new position in HD Supply during the 4th quarter valued at approximately $2,282,000. Two Sigma Advisers LP increased its position in HD Supply by 669.4% during the 4th quarter. Two Sigma Advisers LP now owns 599,677 shares of the industrial products company’s stock valued at $24,005,000 after buying an additional 521,738 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in HD Supply by 219.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 281,088 shares of the industrial products company’s stock valued at $11,252,000 after buying an additional 193,043 shares in the last quarter. 95.80% of the stock is owned by institutional investors.
A number of analysts have commented on the company. ValuEngine lowered HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Thursday, May 24th. Barclays assumed coverage on HD Supply in a report on Thursday, February 15th. They issued an “overweight” rating and a $44.00 target price for the company. Deutsche Bank set a $45.00 target price on HD Supply and gave the stock a “buy” rating in a report on Friday, April 6th. Finally, BidaskClub raised HD Supply from a “strong sell” rating to a “sell” rating in a report on Friday, March 16th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.27.
HD Supply opened at $42.65 on Thursday, MarketBeat reports. The firm has a market capitalization of $7.89 billion, a PE ratio of 18.46, a PEG ratio of 0.85 and a beta of 1.25. HD Supply Holdings Inc has a 1 year low of $28.97 and a 1 year high of $44.25. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 1.40.
HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, June 5th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. HD Supply had a return on equity of 35.61% and a net margin of 18.40%. The company’s revenue for the quarter was down 25.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. equities research analysts expect that HD Supply Holdings Inc will post 3.25 earnings per share for the current fiscal year.
In related news, CEO William P. Stengel II sold 30,000 shares of HD Supply stock in a transaction on Friday, June 1st. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the transaction, the chief executive officer now directly owns 2,112 shares in the company, valued at $87,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Evan Levitt sold 23,554 shares of HD Supply stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $42.60, for a total value of $1,003,400.40. Following the transaction, the chief financial officer now owns 27,898 shares in the company, valued at $1,188,454.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,380 shares of company stock worth $3,052,459. Company insiders own 0.72% of the company’s stock.
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.
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