BTC Capital Management Inc. increased its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 72,939 shares of the industrial products company’s stock after buying an additional 2,047 shares during the period. BTC Capital Management Inc.’s holdings in HD Supply Holdings were worth $2,232,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of 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 worth $116,000 after buying an additional 500 shares during the period. 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 worth $121,000 after buying an additional 2,900 shares during the period. 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 worth $123,000 after buying an additional 49 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of HD Supply Holdings during the second quarter worth about $129,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of HD Supply Holdings during the first quarter worth about $136,000. Institutional investors and hedge funds own 97.60% of the company’s stock.

HD Supply Holdings, Inc. (NASDAQ HDS) opened at 30.06 on Friday. The firm has a 50-day moving average of $31.19 and a 200 day moving average of $38.07. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The company has a market cap of $6.09 billion, a PE ratio of 20.67 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Equities research 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 initiated a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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A number of brokerages have recently issued reports on HDS. Susquehanna Bancshares Inc restated a “neutral” rating on shares of HD Supply Holdings in a research note on Wednesday, June 14th. Robert W. Baird lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their target price for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. BidaskClub lowered shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. 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 on the stock in a research note on Friday, April 21st. Finally, Zacks Investment Research upgraded shares of HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $39.64.

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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Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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