Eqis Capital Management Inc. raised its position in HD Supply Holdings Inc (NASDAQ:HDS) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,756 shares of the industrial products company’s stock after acquiring an additional 805 shares during the quarter. Eqis Capital Management Inc.’s holdings in HD Supply were worth $304,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HDS. Squar Milner Financial Services LLC grew its position in HD Supply by 309.7% in the third quarter. Squar Milner Financial Services LLC now owns 721 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 545 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management acquired a new stake in HD Supply in the third quarter valued at approximately $78,000. Pearl River Capital LLC grew its position in HD Supply by 18.4% in the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 368 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in HD Supply in the second quarter valued at approximately $124,000. Finally, Usca Ria LLC purchased a new position in shares of HD Supply during the 3rd quarter valued at approximately $129,000. 95.48% of the stock is owned by institutional investors.
HDS has been the subject of several research analyst reports. Bank of America set a $51.00 target price on HD Supply and gave the company a “buy” rating in a research note on Friday, September 6th. William Blair cut HD Supply from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 25th. BidaskClub cut HD Supply from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on HD Supply from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Robert W. Baird cut HD Supply from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $40.00 in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.82.
HD Supply stock opened at $40.74 on Friday. The stock has a market cap of $6.69 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. HD Supply Holdings Inc has a 52 week low of $35.35 and a 52 week high of $47.13. The stock has a 50 day moving average of $39.60 and a 200-day moving average of $40.29.
HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. HD Supply’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities analysts predict that HD Supply Holdings Inc will post 3.5 earnings per share for the current fiscal year.
HD Supply Company 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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