Jacobs Levy Equity Management Inc. Cuts Stake in HD Supply Holdings Inc (NASDAQ:HDS)
Jacobs Levy Equity Management Inc. trimmed its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 35.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,140 shares of the industrial products company’s stock after selling 20,022 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in HD Supply were worth $1,494,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Huntington National Bank purchased a new stake in shares of HD Supply during the 4th quarter valued at about $29,000. FIL Ltd purchased a new stake in shares of HD Supply during the 4th quarter valued at about $30,000. Citizens Financial Group Inc RI purchased a new stake in shares of HD Supply during the 4th quarter valued at about $37,000. SRS Capital Advisors Inc. bought a new position in shares of HD Supply in the 4th quarter worth approximately $38,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of HD Supply in the 4th quarter worth approximately $80,000. 97.15% of the stock is currently owned by institutional investors.
HDS has been the topic of several recent research reports. Wells Fargo & Co lowered their price objective on shares of HD Supply from $48.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Raymond James lowered their price objective on shares of HD Supply from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 16th. ValuEngine upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Bank of America cut shares of HD Supply from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Tuesday, December 17th. Finally, Zacks Investment Research cut shares of HD Supply from a “hold” rating to a “sell” rating in a research note on Tuesday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. HD Supply has a consensus rating of “Hold” and an average price target of $42.64.
NASDAQ HDS opened at $28.22 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.04 and a debt-to-equity ratio of 1.79. The company has a fifty day moving average of $36.78 and a two-hundred day moving average of $39.10. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.47 and a beta of 1.09. HD Supply Holdings Inc has a 52 week low of $21.69 and a 52 week high of $47.13.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 17th. The industrial products company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. HD Supply had a net margin of 7.35% and a return on equity of 43.45%. HD Supply’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. Equities research analysts anticipate that HD Supply Holdings Inc will post 2.86 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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