Vanguard Group Inc. raised its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,995,119 shares of the industrial products company’s stock after buying an additional 383,895 shares during the period. Vanguard Group Inc. owned 7.89% of HD Supply Holdings worth $489,930,000 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 the business. OZ Management LP bought a new stake in shares of HD Supply Holdings during the 2nd quarter worth about $117,147,000. Morgan Stanley lifted its holdings in HD Supply Holdings by 41.5% in the 1st quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock worth $36,411,000 after purchasing an additional 259,835 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in HD Supply Holdings by 33.6% in the 2nd quarter. Pacad Investment Ltd. now owns 44,100 shares of the industrial products company’s stock worth $1,351,000 after purchasing an additional 11,089 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in HD Supply Holdings by 324.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 170,755 shares of the industrial products company’s stock worth $5,230,000 after purchasing an additional 130,560 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in HD Supply Holdings by 86.6% in the 1st quarter. Ameriprise Financial Inc. now owns 121,079 shares of the industrial products company’s stock worth $4,981,000 after purchasing an additional 56,183 shares during the last quarter.

A number of equities research analysts have issued reports on HDS shares. Robert W. Baird cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Drexel Hamilton lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $37.00 in a research note on Wednesday, June 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $39.00 target price (down previously from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th. Morgan Stanley lowered shares of HD Supply Holdings from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $46.00 to $36.00 in a research report on Wednesday, June 7th. Finally, ValuEngine lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. HD Supply Holdings has a consensus rating of “Hold” and an average price target of $38.21.

Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 36.64 on Wednesday. The stock has a market cap of $6.84 billion, a P/E ratio of 11.57 and a beta of 1.41. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The firm’s 50 day moving average price is $33.20 and its 200 day moving average price is $35.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $0.85 EPS. HD Supply Holdings’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that HD Supply Holdings, Inc. will post $2.21 EPS for the current year.

HD Supply Holdings announced that its Board of Directors has initiated a stock buyback program on Tuesday, June 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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