Brown Advisory Inc. Buys 2,565 Shares of HD Supply Holdings Inc (HDS)
Brown Advisory Inc. increased its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,428 shares of the industrial products company’s stock after acquiring an additional 2,565 shares during the period. Brown Advisory Inc.’s holdings in HD Supply were worth $1,258,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in shares of HD Supply in the 4th quarter valued at about $132,000. Bessemer Group Inc. raised its position in HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 3,109 shares during the last quarter. American International Group Inc. bought a new position in HD Supply during the 4th quarter valued at approximately $177,000. Massey Quick Simon & CO. LLC bought a new position in HD Supply during the 3rd quarter valued at approximately $185,000. Finally, Cadence Capital Management LLC bought a new position in HD Supply during the 4th quarter valued at approximately $215,000. 98.10% of the stock is owned by institutional investors.
A number of research analysts have commented on HDS shares. Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $35.00 price target on shares of HD Supply in a research report on Friday, November 10th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. BidaskClub lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.21.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. research analysts expect that HD Supply Holdings Inc will post 2.27 earnings per share for the current fiscal year.
HD Supply Company Profile
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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