Cornerstone Capital Management Holdings LLC. bought a new position in shares of HD Supply Holdings Inc (NASDAQ:HDS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 91,196 shares of the industrial products company’s stock, valued at approximately $3,650,000.
Several other institutional investors also recently bought and sold shares of HDS. Cerebellum GP LLC bought a new position in shares of HD Supply during the 4th quarter worth approximately $132,000. Bessemer Group Inc. lifted its position in shares of HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock worth $139,000 after buying an additional 3,109 shares during the period. American International Group Inc. bought a new position in shares of HD Supply during the 4th quarter worth approximately $177,000. Cadence Capital Management LLC bought a new position in shares of HD Supply during the 4th quarter worth approximately $215,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of HD Supply during the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
Several equities analysts recently commented on HDS shares. SunTrust Banks upgraded HD Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.01 to $48.00 in a research report on Thursday, March 15th. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Royal Bank of Canada cut HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. Finally, TheStreet cut HD Supply from a “b” rating to a “c+” rating in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.71.
HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. sell-side analysts predict that HD Supply Holdings Inc will post 3.14 earnings per share for the current fiscal year.
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About HD Supply
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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