California State Teachers Retirement System increased its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,573 shares of the industrial products company’s stock after buying an additional 879 shares during the quarter. California State Teachers Retirement System owned about 0.18% of HD Supply worth $11,462,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in shares of HD Supply by 6.8% during the second quarter. Janney Montgomery Scott LLC now owns 21,084 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 1,334 shares during the last quarter. MAI Capital Management bought a new stake in shares of HD Supply during the second quarter valued at approximately $764,000. Janus Henderson Group PLC boosted its position in shares of HD Supply by 44.6% during the second quarter. Janus Henderson Group PLC now owns 44,554 shares of the industrial products company’s stock worth $1,795,000 after buying an additional 13,742 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of HD Supply by 10.6% during the second quarter. Pinnacle Associates Ltd. now owns 24,621 shares of the industrial products company’s stock worth $992,000 after buying an additional 2,361 shares during the period. Finally, Congress Asset Management Co. MA acquired a new position in shares of HD Supply during the second quarter worth approximately $74,018,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on HDS. Barclays cut HD Supply from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $44.00 to $42.00 in a research report on Thursday, September 26th. ValuEngine raised HD Supply from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks boosted their price target on HD Supply to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. William Blair cut HD Supply from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their price target on HD Supply from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.82.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that HD Supply Holdings Inc will post 3.5 earnings per share for the current fiscal year.
In other HD Supply news, Director Lauren Taylor Wolfe acquired 600,000 shares of the stock in a transaction dated Friday, September 27th. The shares were bought at an average price of $38.55 per share, with a total value of $23,130,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.
About HD Supply
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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