Man Group plc decreased its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 41.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,669,938 shares of the industrial products company’s stock after selling 1,183,147 shares during the period. Man Group plc owned approximately 0.98% of HD Supply worth $67,265,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDS. Janney Montgomery Scott LLC grew its stake in shares of HD Supply by 6.8% in the second quarter. Janney Montgomery Scott LLC now owns 21,084 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 1,334 shares during the last quarter. Cerebellum GP LLC raised its holdings in HD Supply by 11.7% in the 1st quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 816 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in HD Supply by 10.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 24,621 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 2,361 shares during the last quarter. Janus Henderson Group PLC raised its holdings in HD Supply by 44.6% in the 2nd quarter. Janus Henderson Group PLC now owns 44,554 shares of the industrial products company’s stock worth $1,795,000 after acquiring an additional 13,742 shares during the last quarter. Finally, Sheets Smith Wealth Management purchased a new position in HD Supply in the 1st quarter worth approximately $2,293,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
HDS has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of HD Supply from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Buckingham Research downgraded shares of HD Supply from a “buy” rating to a “neutral” rating in a report on Wednesday, September 11th. ValuEngine raised shares of HD Supply from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America set a $51.00 target price on shares of HD Supply and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.90.
Shares of HDS traded down $0.30 during midday trading on Thursday, hitting $39.71. 81,227 shares of the company traded hands, compared to its average volume of 1,629,789. The firm has a 50 day moving average of $38.79 and a 200-day moving average of $41.43. HD Supply Holdings Inc has a 52 week low of $35.35 and a 52 week high of $47.13. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.05.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. Sell-side analysts predict that HD Supply Holdings Inc will post 3.52 earnings per share for the current fiscal year.
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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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