Cornerstone Capital Management Holdings LLC. Invests $3.65 Million in HD Supply Holdings Inc (HDS)

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.

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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.

Shares of HD Supply stock opened at $36.95 on Friday. The company has a market capitalization of $7,046.43, a price-to-earnings ratio of 7.38, a PEG ratio of 0.77 and a beta of 1.31. HD Supply Holdings Inc has a 52 week low of $28.97 and a 52 week high of $42.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93.

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.

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

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