Braun Stacey Associates Inc. Decreases Stake in HD Supply Holdings, Inc. (NASDAQ:HDS)
Braun Stacey Associates Inc. reduced its stake in HD Supply Holdings, Inc. (NASDAQ:HDS) by 96.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,530 shares of the industrial products company’s stock after selling 299,663 shares during the period. Braun Stacey Associates Inc.’s holdings in HD Supply Holdings were worth $384,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in HDS. Creative Planning raised its stake in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of HD Supply Holdings during the second quarter valued at approximately $129,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of HD Supply Holdings during the first quarter valued at approximately $136,000. 96.83% of the stock is currently owned by institutional investors and hedge funds.
HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 31.59 on Friday. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73. The company’s 50-day moving average is $31.34 and its 200 day moving average is $38.52. The stock has a market cap of $6.40 billion, a PE ratio of 21.73 and a beta of 1.41.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $0.51 EPS. HD Supply Holdings’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current fiscal year.
HD Supply Holdings announced that its board has approved a share repurchase program on Tuesday, June 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
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Several analysts have commented on the stock. Susquehanna Bancshares Inc reaffirmed a “neutral” rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. Robert W. Baird downgraded shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $37.00 in a research note on Wednesday, June 7th. BidaskClub downgraded shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of HD Supply Holdings in a research note on Tuesday, April 11th. Finally, Raymond James Financial, Inc. upgraded shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.50.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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