CIBC World Markets Inc. Has $3.24 Million Holdings in HD Supply Holdings, Inc. (HDS)

CIBC World Markets Inc. boosted its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 155.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,875 shares of the industrial products company’s stock after acquiring an additional 64,381 shares during the period. CIBC World Markets Inc. owned about 0.05% of HD Supply Holdings worth $3,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new position in HD Supply Holdings during the 2nd quarter worth approximately $224,000. Sheaff Brock Investment Advisors LLC acquired a new position in HD Supply Holdings during the 2nd quarter worth approximately $551,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in HD Supply Holdings by 21.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 698,900 shares of the industrial products company’s stock worth $21,407,000 after acquiring an additional 125,035 shares in the last quarter. MRJ Capital Inc. grew its holdings in HD Supply Holdings by 18.7% during the 2nd quarter. MRJ Capital Inc. now owns 85,700 shares of the industrial products company’s stock worth $2,624,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in HD Supply Holdings by 7.2% during the 2nd quarter. Atlantic Trust Group LLC now owns 356,157 shares of the industrial products company’s stock worth $10,909,000 after acquiring an additional 23,767 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.

Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 33.45 on Monday. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The stock has a market cap of $6.78 billion, a P/E ratio of 23.01 and a beta of 1.40. The company has a 50-day moving average of $31.76 and a 200 day moving average of $36.48.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that HD Supply Holdings, Inc. will post $2.20 EPS for the current fiscal year.

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

Several research firms have commented on HDS. UBS AG cut shares of HD Supply Holdings from a “positive” rating to a “neutral” rating in a report on Wednesday, June 14th. BidaskClub upgraded shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada lowered their price target on shares of HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Zacks Investment Research upgraded shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Monday, September 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.00 price objective on shares of HD Supply Holdings in a research report on Wednesday, August 16th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.14.

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About HD Supply Holdings

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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