Meeder Asset Management Inc. trimmed its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 18.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,481 shares of the industrial products company’s stock after selling 803 shares during the quarter. Meeder Asset Management Inc.’s holdings in HD Supply were worth $136,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HDS. Pearl River Capital LLC boosted its stake in HD Supply by 18.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 368 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of HD Supply in the 2nd quarter worth about $124,000. NEXT Financial Group Inc bought a new position in shares of HD Supply in the 2nd quarter worth about $194,000. Measured Wealth Private Client Group LLC bought a new position in shares of HD Supply in the 2nd quarter worth about $207,000. Finally, Qtron Investments LLC bought a new position in shares of HD Supply in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.
A number of research firms have recently issued reports on HDS. Robert W. Baird downgraded shares of HD Supply from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $40.00 in a research report on Wednesday, September 11th. William Blair downgraded shares of HD Supply from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Bank of America set a $51.00 price target on shares of HD Supply and gave the stock a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada reduced their price target on shares of HD Supply to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of HD Supply from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.82.
Shares of NASDAQ:HDS opened at $40.04 on Friday. The company has a market cap of $6.68 billion, a PE ratio of 11.12, a P/E/G ratio of 0.69 and a beta of 1.11. The company’s 50-day moving average price is $39.16 and its 200 day moving average price is $40.70. HD Supply Holdings Inc has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.05 and a debt-to-equity ratio of 1.66.
HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. HD Supply’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. As a group, equities analysts anticipate that HD Supply Holdings Inc will post 3.51 EPS for the current 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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