FTB Advisors Inc. Lowers Stake in HD Supply Holdings Inc. (HDS)
FTB Advisors Inc. reduced its position in shares of HD Supply Holdings Inc. (NASDAQ:HDS) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,556 shares of the company’s stock after selling 42 shares during the period. FTB Advisors Inc.’s holdings in HD Supply Holdings were worth $192,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of HD Supply Holdings during the second quarter worth approximately $107,000. Shell Asset Management Co. bought a new position in shares of HD Supply Holdings during the second quarter worth approximately $132,000. Hexavest Inc. boosted its position in shares of HD Supply Holdings by 11.5% in the second quarter. Hexavest Inc. now owns 6,869 shares of the company’s stock worth $239,000 after buying an additional 711 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of HD Supply Holdings by 3.8% in the second quarter. Concert Wealth Management Inc. now owns 8,186 shares of the company’s stock worth $283,000 after buying an additional 298 shares in the last quarter. Finally, CrestPoint Capital Management LLC boosted its position in shares of HD Supply Holdings by 42.6% in the second quarter. CrestPoint Capital Management LLC now owns 8,700 shares of the company’s stock worth $303,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.
HD Supply Holdings Inc. (NASDAQ:HDS) traded up 1.863% during trading on Monday, hitting $31.985. The stock had a trading volume of 1,847,469 shares. HD Supply Holdings Inc. has a 52 week low of $21.26 and a 52 week high of $36.99. The company has a market cap of $6.43 billion, a PE ratio of 5.343 and a beta of 1.34. The stock has a 50-day moving average price of $32.53 and a 200-day moving average price of $34.15.
HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The company earned $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts predict that HD Supply Holdings Inc. will post $2.55 EPS for the current year.
HDS has been the topic of a number of recent research reports. Macquarie initiated coverage on HD Supply Holdings in a research note on Thursday, August 25th. They set an “outperform” rating and a $42.00 price objective on the stock. Bank of America Corp. reiterated a “buy” rating on shares of HD Supply Holdings in a research note on Wednesday, September 14th. JPMorgan Chase & Co. cut their price target on HD Supply Holdings from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. RBC Capital Markets cut HD Supply Holdings from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, September 20th. Finally, Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, September 5th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. HD Supply Holdings currently has an average rating of “Buy” and an average target price of $37.57.
In related news, Chairman Joseph J. Deangelo bought 32,100 shares of HD Supply Holdings stock in a transaction that occurred on Thursday, September 22nd. The stock was acquired at an average price of $31.07 per share, for a total transaction of $997,347.00. Following the completion of the purchase, the chairman now owns 242,782 shares in the company, valued at $7,543,236.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is currently owned by corporate insiders.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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